Nov 13
2027 Rates: What's Driving Costs and How VEC is Responding
Since our first poles were set in 1938, VEC's mission has remained remarkably consistent: provide safe, reliable, affordable and sustainable energy to our members. How we accomplish that has changed considerably. Today we are navigating rising power and transmission costs, higher interest rates, increasingly expensive equipment and materials, changing energy markets, and the need to continue investing in the electric system our members depend on every day. Finding the right balance among all of those pressures is not easy.
Nov 13
Celebrating a Decade of Energy Transformation
Vermont's Energy Transformation Program, also known as the “Tier III” turns ten years old next year. Created by the Legislature through Act 56 in 2015 and implemented starting in 2017, the program encourages electric utilities across ?the state to help members reduce fossil fuel use through technologies such as heat pumps, electric vehicles, heat pump water heaters, and other electrification measures.
Nov 10
The VEC/VELCO Partnership: How Does it Work?
If you've ever wondered what the relationship is between VEC and VELCO, you are not alone. The Vermont Electric Power Company (VELCO) manages Vermont’s high-voltage transmission system, the "interstate highway" that moves electricity across the state. VEC and other distribution utilities take that power, lower the voltage, and deliver it to homes and businesses. VELCO is owned by Vermont's 17 distribution utilities – one of which is VEC – plus VLITE (Vermont Low Income Trust for Electricity), which is a public-benefit corporation.