Va. Power Can Test Real-time, But Not on Site

Fortnightly Magazine - June 15 1995
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The Virginia commission on April 20 authorized Virginia Electric and Power Co. (VP) to implement a five-year, experimental real-time pricing rate (RTP), but denied a proposal to custom-build dispersed generating facilities at customer sites.

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The RTP will allow VP to set rates for large industrial customers (over 10,000 Kw) based in part on the actual hourly cost of generating electricity (Case No. PUE940080). The pilot program allows VP to experiment with market-based pricing by offering industrial users the opportunity to directly control their energy costs.

But the commission rejected VP's proposed dispersed energy facility rate (schedule DEF), finding it not specific enough to be carried out on an "experimental" basis. Moreover, the commission said that dispersed generation might actually increase costs incurred due to customer self-generation.

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