As we previously reported, on March 1st the Vermont Public Service Board (PSB) significantly overhauled the Standard Offer program for renewable energy projects, switching to a new Request for Proposal (RFP) process. Under the revised program, the SPEED Facilitator will issue an annual RFP in increments of 5 MW (increasing at certain fixed points), until the program’s total capacity of 127.5 MW is filled.
The Board has recently revised the schedule for the RFP process. The new RFP schedule extended the time allowed after the issuance of the RFP for the execution of standard-offer contracts to 30 days in order to allow developers time to file an interconnection application with the proposed project’s interconnecting utility. The new schedule is:
April 1, 2013 – Release of RFP
April 15, 2013 – Deadline for Questions on RFP
April 22, 2013 – Final Responses to Questions
May 1, 2013 3:00 PM ET – Proposal Submission Deadline
May 15, 2013 – Announcement of Award Group
June 26, 2013 – Execution of Standard-Offer Contracts by Award Group
For more information, see the SPEED Facilitator’s 2013 Request for Proposals.