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Budget and Action Plan

Our 2021 budget and 2021-2022 action plan outlines how we plan to help customers take advantage of some of the lowest cost and cleanest energy available—energy efficiency and renewable power. These important documents detail where we will invest utility customer funds to benefit renters, homeowners, businesses of all sizes, farms, ranches and schools across Oregon and Southwest Washington.

Energy Trust’s budget and action plan is designed to achieve three organizational goals in 2021:

  1. Meet savings and generation targets with offers and services designed to support customers during the economic and social recovery related to the COVID-19 pandemic
  2. Invest in relationships and collaborations with other entities to meet common needs and future objectives
  3. Enhance operating processes and internal culture to efficiently respond to change

Our commitment to diversity, equity and inclusion is integrated into each goal and is reflected in our action plans.

Benefits of our investments

Achieving the goals and strategies in this year’s budget and action plan will result in a wide range of economic and clean energy benefits including:

  • More access for diverse and rural communities
  • Lower energy bills and energy burden for participants—$707 million in future bill savings for participants
  • Opportunities for 1,900 local businesses and investments in workforce development
  • Cleaner air by avoiding 4 million tons of carbon dioxide
  • Local investments that keep dollars in our communities

How we develop our annual budget and action plan

We solicit input from customers, the public, Oregon Public Utility Commission, utilities and other stakeholders to guide our programs and priorities in the coming year. With input from this public comment process, our board of directors reviews and approves our final budget and action plan by December 31 of each year. At that time, the budget is posted online.

The primary building blocks of our budget and action plan are our 2020-2024 Strategic Plan, market insights, each utility’s Integrated Resource Plan and other resource assessments. An Integrated Resource Plan is how utilities plan for the energy supply their customers will need over the next 20 years. Additional information for the budget is drawn from renewable resource assessments and Northwest Power and Conservation Council studies.

How is Energy Trust funded?

The vast majority of our funding comes from customers of PGE, Pacific Power, NW Natural, Cascade Natural Gas and Avista in Oregon, and NW Natural customers in Washington. We hold small contracts with Energy Solutions for Oregon’s Community Solar Program and with PGE for the utility’s smart battery pilot.