Utility Dive•8 days ago
Modern rate design needed to meet Northeast, Mid-Atlantic grid challenges: NEEP
Key Takeaway
New rate designs in the Northeast and Mid-Atlantic will fundamentally alter electricity costs for large consumers and create new revenue streams for developers of flexible resources and demand-side management solutions.
AI Summary
- •NEEP advocates for seasonal rates and opt-out time-of-use (TOU) plans in the Northeast and Mid-Atlantic to address grid challenges.
- •These rate reforms aim to manage grid issues without major technology or infrastructure upgrades, signaling a shift towards demand-side management and dynamic pricing.
- •The proposed changes represent significant policy and regulatory shifts in rate design, moving towards more granular and responsive electricity pricing.
- •For large power consumers (e.g., datacenters), these changes will directly impact electricity costs, requiring potential operational adjustments or investments in energy management. For developers, new revenue opportunities may arise from demand response, storage, and flexible generation assets.
Topics
capacity-marketdatacenterinterconnectpjmpolicysolarstoragetransmissionwind