Energy Trust’s newly adopted 2026-2030 Multiyear Plan will result in more energy savings and generation and help more Oregonians create affordable, comfortable, safe and resilient homes and businesses. It builds on our 2025-2030 Strategic Plan, which anticipates growing needs and opportunities to ensure access to reliable and affordable energy for customers.  

The 2026-2030 Multiyear Plan, which Energy Trust’s board adopted on December 12, describes the key activities we will undertake and the resources we will need to realize the strategic plan outcomes and achieve ambitious energy efficiency and renewable energy targets. The board also adopted our 2026-2030 Equity Plan, which was developed in parallel with the multiyear plan and describes how our activities will meet regulatory equity objectives.  

Under the multiyear plan, over the next five years, we plan to invest $2.55 billion to achieve the following results and benefits for utility customers, communities and the State of Oregon.  

Nearly 56% of our investments – or $1.42 billion – will be returned directly to customers in the form of cash incentives and will result in significant customer utility bill savings. Our cost-effective energy savings will enable utilities to procure the most affordable energy resource for their customers and help them meet their decarbonization goals.  

Key activities outlined in the multiyear plan include: 

• 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.  
• Increasing participation from priority customers, starting with developing a deeper understanding of their needs, priorities and barriers to access. Priority customer groups are those who have participated in our programs to a lesser degree than other customers, including people of color, people with low incomes and people in rural areas. 
• Expanding our Trade Ally Network and supporting workforce development so that customers have access to high-quality, trusted contractors, especially in rural areas. 
• 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. 

Transitioning to multiyear planning
To meet the desired outcomes in our strategic plan and accelerate our energy results through 2030, Energy Trust is transitioning from annual planning and budgeting to a five-year plan implemented through an adaptive management process.  

This will help us 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. And the adaptive management process will provide greater accountability as we track our spending and progress toward meeting energy targets.  

The multiyear plan was released for public comment in August. All public comments received by Energy Trust are posted online, along with OPUC staff recommendations on the plan. The final version of the plan includes an appendix describing public comment themes and how those guided revisions to the draft plan, including on the topics of affordability and services to customers with low incomes.  

For more information, go to energytrust.org/multiyearplan.