Energy Trust’s Draft 2025-2030 Multiyear Plan is now available for public comment through September 15. Developed through a collaborative process with utility partners and stakeholders, the plan will result in more investment, more ways to partner with Energy Trust and, most importantly, more benefits for customers.

Read the plan and submit comments now. Your comments will guide revisions to plan before it is considered for adoption in December.

What is the multiyear plan?
The multiyear plan builds on our 2025-2030 Strategic Plan, which anticipates growing needs and opportunities to ensure access to reliable and affordable energy for customers. It describes the key activities we are proposing to undertake and the resources we will need to realize the strategic plan outcomes and achieve our aggressive energy efficiency and renewable energy targets.

Under this plan, we will deliver our highest ever energy savings and renewable generation, helping Oregonians create safer, more comfortable and more energy resilient homes and businesses. All this will result in significant benefits for customers and utilities including $6.8 billion in savings on customer energy bills, $1.9 billion in net benefits to the utility system and 11.6 million metric tons of carbon and other greenhouse gas emissions avoided.

Energy Trust has already captured the lowest-cost energy efficiency, by supporting customer installation of highly efficient LED lighting in homes and large businesses for example. Now, to deliver more benefits to customers, our focus is on engaging customers on larger, more complex energy-saving projects, and engaging priority customers that our programs have historically underserved – including people of color, people in rural areas and people with low incomes – with new outreach and program delivery models. We will work to grow the workforce of clean energy professionals, expand and diversify our Trade Ally Network, build new relationships with community-based organizations, support communities in developing climate and resilience plans and much more.

Key activities proposed in the multiyear plan include:

• Increasing participation from priority customers, starting with developing a deeper understanding of their needs, priorities and barriers to access
• Expanding our Trade Ally Network and supporting workforce development so that customers have access to high-quality, trusted contractors, especially in rural areas
• Evolving our existing incentive offers, including shifting to more point-of-sale incentives that are easier for customers to access and less expensive to offer
• Developing new incentive offers that help attract first-time customers and help returning ones unlock more energy savings and generation
• Streamlining the customer experience to make it easier to work with us and understand clean energy options through more educational resources and navigation support
• Supporting energy resilience at the community level through planning efforts and new program offers that connect clean energy and resilience

Thinking long term
To meet the desired outcomes in our strategic plan and respond to guidance from the Oregon Public Utility Commission to accelerate our energy savings through 2030, Energy Trust is transitioning from annual planning and budgeting to a five-year plan implemented through an adaptive management process.

Our previous annual planning and budget process limited our program designs to short-term strategies based on current market conditions and capacity to deliver savings and generation within one year. Transitioning to multiyear planning is a necessary step to maximize our impact, giving us greater financial and operational flexibility to respond to an ever-changing market and to design program approaches that are more complex. Our experience has shown us that longer-term approaches are needed to reach our priority customers.

Greater investments, greater results
Meeting the ambitious energy targets we have set for ourselves in this plan will cost more than Energy Trust has historically invested.

Over the next five years, we plan to invest $2.6 billion to achieve the following results and benefits for our customers, communities and the State of Oregon. More than 55% of those investments – or $1.5 billion – will be returned directly to customers in the form of cash incentives and will result in significant customer utility bill savings.

Our energy savings will remain cost-effective and more affordable than the alternatives utilities might otherwise use to meet their decarbonization goals.?

How to provide feedback
Comments are welcome on all elements of the plan, including activities, financial resources and plan management.

Comment on the draft plan by September 15, email comments to info@energytrust.org with the subject line “Multiyear Plan Comment,” or mail comments to Energy Trust of Oregon, 421 SW Oak St., Suite 300, Portland, Oregon, 97204.

Information on the draft multiyear plan will be presented at upcoming meetings of Energy Trust’s board of directors on Aug. 6 and a joint meeting of Energy Trust’s advisory councils on Aug. 7.

There will also be a webinar for members of the public to learn about the plan and ask questions on Aug. 18 from 9-11 a.m. Energy Trust staff will host office hours to answer questions on Sept. 5 from 9-10 a.m. and Sept.8 from 1-2 p.m.

For more information, go to energytrust.org/MultiyearPlan