Vermont PSB releases proposal regarding FIT prices

VERMONT – On January 6, 2010, the Vermont PSB released a lengthy Proposal for Decision regarding the establishment of prices for the Sustainably Priced Energy Enterprise Development (SPEED) Program. The proposal details the financial methodology and modeling that the PSB Staff used to propose price levels for different types and sizes of renewable technology generation. Act 45 required that the PSB set, no later than January 15, 2010, the price to be paid to plant owners under a standard-offer contract.  The PSB also published a useful breakdown of the Modeling Assumptions requiring PSB decision that is somewhat easier to digest.

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