Utility Pricing Metric Keeps Pace with Grid Modernization, New SGIP White Paper Explains
SGIP today released a white paper that will help utilities evolve their pricing models to accommodate smart grid technologies and offer higher quality services to their customers. The Economic Value of the Integration of Consumption Preferences in Electric System Planning white paper was written by industry leaders in the Home/Building/Industry-to-Grid Domain Expert Working Group from SGIP. Historically, utility pricing has shaped demand behavior with tariffs that provide revenues to cover investments and operating costs plus an agreed return on assets. This paper proposes a more flexible metric for optimizing energy consumption and supply. ….