In 2016, nearly all of Vermont’s net electricity generation came from renewable energy, including hydroelectric, biomass, wind, and solar resources. Less than 40% of the electricity consumed in Vermont was produced in state. The rest came from the New England grid and Canada. The 2014 closure of Vermont Yankee Nuclear Power Plant reduced Vermont’s overall generating capacity by over half. Vermont enacted the nation’s first integrated renewable energy standard (RES), which requires 75% of retail electricity sales to come from renewable sources by 2032. Per capita energy consumption is in the lowest quintile nationally. One in six Vermont households uses wood products as the primary heating source.
In the context of New England, Vermont’s electricity pricing remains highly competitive. From 2017 to 2018, residential and industrial rates rose slightly a bit more sharply (from $0.1217 to $0.1501). Vermont’s electricity rates were the 9th highest nationally as of July 2018.