Customer-Centric Energy Transformation
Green Mountain Power (GMP) in Vermont has announced a new company vision as Vermont’s Energy Transformation Company and pursued a path of customer innovation to advance the transition to a low-carbon, affordable, reliable future energy system. In so doing, GMP aims to expand from its traditional vertically integrated, investor-owned business model by offering more energy products and services to customers, building new revenue streams in the face of declining energy sales to keep rates affordable, and using distributed energy resources more efficiently to support a low-cost and highly renewable and resilient energy system.
The utility provides low-carbon electric service to 260,000 customers across central and southern Vermont. Its retail rates are among the lowest from New England’s investor-owned utilities.