Why buy when you can save? Power saved through energy efficiency is widely available, clean, and costs approximately one half to one third the cost of buying electricity from a power plant. During a nine-month workshop process with regulators, utilities and businesses, CLF recommended Vermont invest in far greater efficiency to aggressively tackle high-energy bills, curb pollution and climate change, and provide a more secure energy future. While Vermont regulators acknowledged that greater efficiency pays for itself and avoids more expensive power purchases and transmission upgrades, they ultimately approved only a small increase for efficiency efforts.

The Board’s order is disappointing. A limited number of businesses opposed increasing efficiency. This opposition is short-sighted. The most successful businesses are also the most efficient. They represent opportunities for growing our economy and keeping jobs in Vermont and pollution out of Vermont. With more energy efficiency, we can support and grow our economy instead of throwing our energy dollars out the window. Efficiency investments provide savings through financial incentives for equipment, lighting, renovation, and construction that allows buildings and homes to use less energy.

Even with this limited increase, Vermont will remain a strong leader on electrical energy efficiency. Unfortunately, there are still too many savings left on the table. As a result, Vermonters will be paying too much and polluting too much to meet our power needs. We could easily make twice the investment we are making now, and that’s what we should be doing. The Board’s decision is a baby step in the right direction, but we still have a marathon to run.