The Ledger
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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' 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: 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: 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.”