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State energy report: Vermont faces sharp rate increases, slow weatherization and uncertainty in federal funding
Summary
The Department of Public Service told the House Energy committee that Vermont electric rates have risen rapidly, weatherization retrofits lag the 2030 goal, federal funding disruptions have hampered program delivery, and flexible load and storage could reduce transmission-driven costs.
The Vermont House Committee on Energy and Digital Infrastructure heard the Department of Public Service’s annual energy report on Jan. 27, 2025. TJ Forum, director of regulated utility planning at the Public Service Department, said "electric rates are increasing really quickly," showing multiple utilities with single-year increases and several utilities raising rates year after year.
Forum told members the state has seen dozens of rate cases in recent years and that drivers include regional transmission charges, volatile power-supply costs and storm-related collections. He said Green Mountain Power (GMP) serves about 70% of Vermont…
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