Video: Electric rate structures – importance of analysis
This session will examine some of the rate structures commonly used by utility companies and various incentives with the use of submetering the value of BECx.
Learning objectives:
- Examine the various types of electrical rate structures currently utilized by utility companies.
- Identify the importance of analysis by energy managers; comparing alternate rate structures and the appropriate use of ‘blended’ electrical rates.
- Be able to discuss energy and cost saving strategies, including energy audits, retro-commissioning and demand response programs.
- Understand various publicly available resources, including the U.S. Utility Rate Database and the government’s Energy Escalation Rate Calculator
Video: CxEnergy
Presenters: Robert Knoedler and Mat Coalson
Electric utility providers have a broad range of rates depending upon customer type and service size. With an increase in on-site generation, advances in energy storage and smart meter technology and the increase in overall demand, utilities have become creative in their rate structures. This session will examine some of the rate structures commonly used by utility companies and various incentives with the use of submetering the value of BECx.
An important part of an EMP’s services is examining their client’s energy usage (demand and consumption), establishing an energy balance and baseline. Along with an audit, this analysis affords insight to potential savings through changes in operations, as well as the estimated payback for implementation of various conservation measures. However, equally important is an analysis of the client’s electrical rate structure. Electrical utility providers have a broad range of rates depending upon customer type (residential, commercial, industrial) and service size. With an increase in customers adding on-site generation, advances in energy storage and smart meter technology, and an increase in overall demand for electricity, utilities have become creative in their rate structures, often offering incentives to customers seeking to control their demand and costs. This session will examine some of the rate structures commonly used by various utility companies, including net metering for customers with on-site generation and various incentives with the use of sub-metering. We will discuss analysis of these rates with respect to energy management, as well as the use of ‘blended’ electrical rates (often used in energy savings calculations) and show where these are valid and where more detailed calculations should be employed. We will briefly share information on the U.S. Utility Rate Database and discuss forecasting of future energy costs utilizing the government’s Energy Escalation Rate Calculator (EERC).
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