The chairman of the House’s top energy committee says it might be time to bring competition back to Vermont’s electricity market.
Rep. Tony Klein, an East Montpelier Democrat, said Tuesday that he’ll entertain a proposal to partially deregulate the state’s utility market, and allow the state’s largest corporate consumers of electricity to negotiate with power dealers outside their service territory.
The proposal comes as large electricity customers bemoan the cost of power than can account for as much as 20 percent of their operating expenses.
“I want to talk about creating a program, a model program, where some of the larger industries can benefit from a deregulated power market for some of their power needs,” Klein said while attending an annual meeting of the Associated Industries of Vermont. “It would be a big deal, but it’s something to think about, because the world is changing.”
Klein said he’s discussed the idea with the Department of Public Service and the Agency of Commerce.
Under the proposal, still in conceptual form, industrial customers would continue to pay the transmission-infrastructure fees assessed by the public utility in whose service territory they reside. But Klein says customers would be able to broker deals for the power flowing through those lines with whatever entity offered the lowest price.
For more on this story, check out tomorrow’s editions of The Times Argus and Rutland Herald.