An act relating to the Renewable Energy Standard

This bill updates Vermont's Renewable Energy Standard to increase the amount of renewable energy required from electricity providers. It directly affects retail electricity providers, ratepayers, and the state's energy infrastructure by establishing new renewable energy goals and definitions. Key provisions include requiring providers to enter into affordable, long-term renewable energy contracts to stabilize prices, supporting distributed renewable energy projects across the state grid, and ensuring equitable benefits for low-income and marginalized communities. The legislation also incorporates environmental justice principles and aligns with existing climate change reduction targets to reduce greenhouse gas emissions from the electricity sector.