Everything Scott Engstrom said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Low-Income Customers Often Benefit From TOU Rates Without Changing Usage Habits
“We've seen differences in some places. We've seen actually that on the whole low income customers do better without making any changes to their usage with through a time of use rate. And in others, we've seen that not be the case.”
Engstrom: Utilities will increasingly adopt device-specific rates for heat pumps and batteries
“We will see a more abundance of technology-specific rates. I'm thinking about heat pumps, batteries. Certainly we have EV rates are quite ubiquitous at this point.”
Engstrom: Utilities' demand flexibility programs remain largely in pilot stage
“Most utilities have some sort of net zero or close to net zero goal, but that goal is in 2030, 2040, 20 50, out sometime, and so thinking about what that demand flexibility is needed to meet that new supply stack is still being figured out, and we're in very m…”
Engstrom: Customers Opposing TOU Rates Often Willingly Accept EV Time-of-Use Rates
“Many customers who might say they don't they're opposed to time of use rates may have no issues at all with signing up for an EV rate, even though an EV rate typically is a time of use rate.”
Engstrom: AI and smart devices will automate dynamic electricity pricing responses
“But I think where we're really going is with technology, artificial intelligence connected devices to really be able to, for humans to say, this is a What's gonna make me comfortable in my house is at this time of day to set the thermostat here or there and gi…”
Engstrom: Decarbonizing energy requires grid operators to secure demand-side flexibility
“Taking carbon out of the supply of energy will only work if grid operators have the flexibility with respect to demand to meet this new supply stack that, that utilities are building.”
Engstrom: Aggregators will shield consumers from increasingly complex wholesale electricity rates
“I think that rates are both, both going to get much more complex and much more simple. I think what's going to happen ultimately is you will have Some disintermediaries or what they're called aggregation service providers, ASPs, that will be sophisticated enou…”
Engstrom: Residential electricity customers buy convenience, not commodity electrons
“Residential customers who, you know, ultimately I believe don't think they're buying electrons from their utility. They're buying convenience. I come home. I turn on my lights. I turn on my air conditioner. It works. They're not thinking about how much am I pa…”
Engstrom: SCE achieved 75 MW load reduction via on-peak pricing
“And they were actually able to measure that they got 75 megawatts of load reduction just as a result of customers who either actively or passively reacted to the fact that those on-peak prices are higher than off-peak prices.”
GridX Is Working With Utilities on Hourly Dynamic Electricity Rates
“Currently, we are working with some utilities who are doing what they call dynamic rates. These are rates Where prices change every hour, could change every hour, trying to mimic more what's happening in the wholesale markets and or challenges on the distribut…”
Engstrom: Direct wholesale-indexed retail power plans have largely died in Texas
“And so that, I think, as a pricing plan has largely died in Texas.”
Engstrom: California electricity prices go negative due to excess generation
“For those that know, at certain times of the day, at certain months of the year we are generating more electricity Than we are using, and prices go negative. You're actually being, being paid to take electricity at certain times of the day.”
Engstrom: Many Large Northeast Utilities Are Only Now Deploying Smart Meters
“Smart meters have been around for 15 years, so in my business, I guess we get a little anxious to, or eager to see utilities change quickly, but in truth, a lot of even large utilities today, particularly, say, in the Northeast, are just now getting their smar…”
Engstrom: Over 60% of US customers have TOU access, under 10% enroll
“So we know just across the country that today, well over 60% of customers could be
Enrolled in a time for use rate, but there's only about seven or, you know, less than 10% are enrolled.”
Engstrom: SCE measured 75 MW peak load reduction via TOU during 2022
“Southern California Edison, we worked with they measured on one peak day, The price signal to time of use customers, this is one of the heat storms in California in August, September, I think, of twenty-twenty-two, but they measured 75 megawatts of load reduct…”
Engstrom: Rising AI Power Needs Are Driving Public Interest in Utilities
“And certainly, so we're seeing that more and more, I think, as awareness of data centers and AIs growing, and there, people are starting to hear that that requires a lot of electricity. They become more interested in utilities.”