Vermont Statutes Title 30 Sec. 8006
Terms Used In Vermont Statutes Title 30 Sec. 8006
- Commission: means the Public Utility Commission under section 3 of this title. See
- Environmental attributes: means the characteristics of a plant that enable the energy it produces to qualify as renewable energy and include any and all benefits of the plant to the environment such as avoided emissions or other impacts to air, water, or soil that may occur through the plant's displacement of a nonrenewable energy source. See
- New renewable energy: means renewable energy produced by a specific and identifiable plant coming into service after June 30, 2015. See
- provider: means a company engaged in the distribution or sale of electricity directly to the public. See
- Renewable energy: means energy produced using a technology that relies on a resource that is being consumed at a harvest rate at or below its natural regeneration rate. See
- RES: means the Renewable Energy Standard established under sections 8004 and 8005 of this title. See
- Tradeable renewable energy credits: means all of the environmental attributes associated with a single unit of energy generated by a renewable energy source where:
§ 8006. Tradeable credits; environmental attributes; recognition, monitoring, and disclosure
(a) The Commission shall establish or adopt a system of tradeable renewable energy credits for renewable resources that may be earned by electric generation qualifying for the RES. The system shall recognize tradeable renewable energy credits monitored and traded on the New England Generation Information System (GIS); shall provide a process for the recognition, approval, and monitoring of environmental attributes attached to renewable energy that are eligible to satisfy the requirements of sections 8004 and 8005 of this title but are not monitored and traded on the GIS; and shall otherwise be consistent with regional practices.
(b) The Commission shall ensure that all electricity provider and provider-affiliate disclosures and representations made with regard to a provider’s portfolio are accurate and reasonably supported by objective data. Further, the Commission shall ensure that providers disclose the types of generation used and shall clearly distinguish between energy or tradeable energy credits provided from renewable and nonrenewable energy sources and existing and new renewable energy. (Added 2005, No. 61, § 4; amended 2011, No. 47, § 18; 2015, No. 56, § 7.)