A response to Dr. Faruqui’s insights regarding time-varying rates and his commentary on the Fortnightly article, “Action by Choice.”
Our goal is not to maximize participation in time-varying rates, but to maximize the combination of load shifting and customer satisfaction for all.
Time-varying rates is an effective way to satisfy customer demands.
In the 21st century economy pivoted on customer choice, opt-in is the path to tread in the provision of time varying rates to electricity customers.
Today’s technologies are causing utilities to rethink their business models.
Fifteen years into the 21st Century, the utility industry is being asked to think forward, beyond 2050. To some, that's a bit of a stretch for a mostly regulated enterprise that has been producing power and sending the electrons reliably for the last 150 years or so. To many others, though, it's past time for an evolution.
We examine various types of charging strategies and infrastructure available today and report on the experience gained from rate structures for electric vehicle charging now being offered at four different utilities. These findings lead us to provide recommendations to achieve more productive use of the electric grid.
Time-varying rates from the get-go – not just by opt-in.
Default enrollment for time-varying rates, with an opt-out, will reduce peak demand and far more than a default flat rate with a TVR opt-in.
ISO New England approves Northern Pass transmission project; Southern California Edison selects Quanta PAR to build Tehachapi transmission line segments; Pennsylvania PUC approves PPL $335 million grid project; Southern Company completes smart grid investments; U.S. Army Reserve contracts ConEdison Solutions for efficiency and maintenance support services; plus announcements and contracts involving Honeywell, Stor Generation, Salt River Project, Landis+Gyr, Abengoa, Constellation, and others.