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Pricing and Metering

Pricing and Metering. Innovative rate structures can achieve a lot Structure of default service Currently, hides important price information But just getting the prices right isn’t enough Good prices drive consumers to good behavior and programs

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Pricing and Metering

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  1. Pricing and Metering • Innovative rate structures can achieve a lot • Structure of default service • Currently, hides important price information • But just getting the prices right isn’t enough • Good prices drive consumers to good behavior and programs • Larger-volume customers can handle more complex pricing more easily • Different customer classes can be treated differently • Existing metering can support improved rate designs, but advanced metering is required for more complex rate designs

  2. Pricing and Metering Strategies

  3. Delivery of PRL Programs • LSEs (utilities, discos, CSPs, ESCOs) enroll participants in ISO programs • Participant and LSE share ISO payments • Where delivered by a regulated company, sharing set by regulators • Where delivered by competitive providers, sharing set by market, negotiation • If no sharing, then no competitive provision

  4. Critical Peak Time of Use Pricing • Flat or TOU rate during all “normal” hours. • Defined or Market price effective when market price exceeds defined threshold. • Customers get notice when Critical Peak rate is in effect.

  5. Real-Time Pricing for Large Commercial and Industrial • Georgia Power: Baseline-referenced RTP; customers see market price at margin. • Niagara Mohawk: Customers see market price for all consumption. • If both offered, customer chooses.

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