South Burlington, Vt. – Vermont Gas today filed its rate proposal asking to decrease customer rates by 2.7%. This is the second rate decrease request in as many years. The request is subject to the Public Utility Commission’s thorough review and approval. If approved by regulators, this rate reduction will mean customers will pay about 30% less or about $530 less per year – than in 2008. Vermont Gas customers reduce their carbon footprint by 28% when they choose Vermont Gas service instead of fuel oil, and they can reduce their energy bills by 20-30% more through Vermont Gas energy efficiency programs. Additionally, the Company’s Low-Income Assistance Program offers a 20% cost reduction to income-eligible customers.
“Vermont Gas service is a cleaner and more affordable energy option. We are pleased to propose another significant rate reduction for our customers,” said Don Rendall, President and CEO of Vermont Gas. “We know the cost of living can be a significant challenge for many Vermonters. This reduction in energy costs will help more families and businesses save money.”
“I have been a Vermont Gas customer for many years and recently participated in their energy efficiency programs. My house is more comfortable, and it was really nice to receive their rebates for purchasing a high efficiency boiler,” said Rose Libby, of Burlington. “I am very happy to hear that Vermont Gas is filing for another rate decrease. At a time when every other bill seems to go up, it’s nice to see one go down for a change.”
This rate proposal includes major investments in our customers’ top priorities: a safe, reliable system, modern customer service tools and a cleaner environment. Whether it’s an older home converting from oil or propane or a new neighborhood served by Vermont Gas, our service provides families and businesses with a cleaner energy option. This is critical to our work to reduce our carbon footprint.
“We share our customers’ commitment to cut carbon. Our first-in-the-nation VGS Renewable Natural Gas program will be instrumental in helping our customers and communities reduce their carbon footprint even further,” Rendall continued. “Participating customers are dedicated to reducing their energy footprint. We will be right there with them by converting all of our company facilities to our Renewable Natural Gas program.
Today’s rate decrease filing, which would go into effect in November, is subject to Commission approval. For more information on the rate decrease, visit VermontGas.com.
About VGS
VGS is a leader in energy efficiency and innovation, offering a clean, safe, affordable choice for over 54,000 homes, businesses, and institutions in Franklin, Chittenden and Addison counties. The company plays an important role in Vermont’s clean energy future by displacing higher-emitting fuels, offering renewable natural gas service, and delivering award-winning energy efficiency programs. VGS is leading the country in the development of local renewable energy generation and has targeted a 30% reduction in greenhouse gas emissions by 2030 and becoming Net Zero by 2050. For more information about Vermont Gas visit www.vgsvt.com
Media Contact
Dylan Giambatista
(802) 391-6475
dgiambatista@vermontgas.com