Podcast / Audio
Episode #22: ‘Is it Time for Time-of-Use Rates?’ with James Riley of Appos Advisors - [an Energy Central Power Perspectives™ Podcast]
- Sep 8, 2020 1:09 pm GMT
Creative rate structures from utilities meant to give customers nudges on customer consumption behaviors are nothing new, but with the advent of smart technologies they are indeed becoming more common. As the recent spate of rolling blackouts in California demonstrated, giving the power markets more tools to influence when energy is consumed is needed more than ever to align supply with demand and ensure customers can depend on reliable and resilient energy systems.
James Riley, a Partner at Appos Advisors, has spent plenty of time consulting utilities on how, why, and where to launch time-of-use rate structures that provide financial incentive to customers to shift their energy consumption away from peak hours, and he recently shared with the Energy Community his experience as a utility customer in California who changed to a time-of-use rate structure himself. With this lens, James walks Jason Price and Matt Chester of the Energy Central Power Perspectives Podcast through the benefits of time-of-use rates, including the ability to more efficiently integrate renewable energy into the grid while optimizing the energy markets so that supply and demand can be more in sync, not to mention the benefits that such plans can bring to attentive customers.
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