An act relating to the Renewable Energy Standard

This bill amends Vermont's Renewable Energy Standard to update definitions and compliance options for electricity providers. It clarifies what counts as new and existing renewable energy, adjusts net metering rules for larger systems, and allows municipal and cooperative utilities to adjust rates under specific conditions. The legislation also introduces an alternative compliance payment option where providers can pay into a state fund instead of purchasing renewable energy credits, with those funds directed toward projects benefiting low-income customers. These changes aim to modernize how the state tracks renewable energy progress while providing flexibility for different types of electricity providers.