Hawaii performance based ratemaking
WebNov 18, 2024 · Performance-based regulation and performance-based ratemaking are often used interchangeably, although it’s important to understand that performance-based regulation addresses more than ratemaking: it also addresses policy goals, customer needs, and performance metrics. Part II of the newly minted HB951 authorizes PBR and … WebEarly this year, the Public Utilities Commission (PUC) opened a proceeding to investigate the economic and policy issues associated with performance-based ratemaking for the …
Hawaii performance based ratemaking
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WebJul 7, 2024 · Hawaii bucked this approach in 2024 with a new system, known in regulatory jargon as “performance-based ratemaking,” which ties utility profits to new sets of goals, like improving reliability ... WebMar 31, 2024 · Performance-based regulation (PBR) has gained significant traction in the United States in the past year and a half, with four new states — Connecticut, Illinois, North Carolina, and Washington — enacting laws authorizing PBR. PBR is an approach to regulating electric utilities that aims to align a utility’s profit motives with societal goals, …
WebAug 7, 2024 · Hawaii’s Bold Step Into Utility Performance-Based Ratemaking. February 10, 2024 by Jeff St. John. The Solar Lead Solar Will Be Cheapest Form of Electricity Across US by 2030, Plus Other PV Trends. WebJun 18, 2024 · Utilities are relying more on data to minimize the risk of taking on new rate structures. Performance-based regulation (PBR) has been in the news, with Nevada approving legislation calling for a PBR process. Hawaii just approved a Phase 1 of a ground-breaking PBR initiative, deciding what “performance-based rates, tariffs, and …
WebEarly this year, the Public Utilities Commission (PUC) opened a proceeding to investigate the economic and policy issues associated with performance-based ratemaking for the Hawaiian Electric Companies. The Consumer Advocate (CA), in its filing, offered additional comments for the PUC’s consideration. The CA suggests the PUC consider identifying … WebAbout. Current Southeast Regional Director at SEIA, the largest and oldest national trade association representing the solar industry. I oversee 11 …
WebFor companies facing a performance-based ratemaking (PBR) regime, or regulators exploring one, we help to quantify the potential revenue at risk and the compensating possibility for upside, examine issues such as performance standards, cost of capital, customer impact, and social protections, and provide support on regulatory filings.
WebOct 1, 2024 · The centerpiece of the bill is a directive to PURA to investigate and develop a system of “performance-based ratemaking” that would measure electric companies’ ability to meet customer needs, like reliability, cost and emergency response. PURA would use that system to evaluate requests for rate increases and determine reasonable rates of ... file an initial uc claim in paWeb(1) By December 31, 2007, develop and implement a utility ratemaking structure, which may include performance-based ratemaking, to provide incentives that encourage … grocery store green sauceWebApr 17, 2014 · Performance-based ratemaking addresses concerns about the erosion of utility revenues from disruptive technologies like distributed solar and demand-side energy efficiencies. But it also adds ... file an identity theft report with the ftcWebApr 27, 2024 · Myth: PBR is an approach to utility ratemaking that features performance metrics. Reality: There are four well-established approaches to PBR. Multiyear rate plans … grocery store green river utWebIn 2024, the Hawaii Public Utilities Commission opened the Integrated Grid Planning (“IGP”) Docket (2024-0165) to replace earlier grid planning efforts, namely Hawaiian Electric’s Integrated Resource Planning (1990 – 2014) and … grocery store greenwood wiWebJul 15, 1995 · @article{osti_450602, title = {Performance-based ratemaking}, author = {Cross, P S}, abstractNote = {Performance-based ratemaking (PBR) departs from the cost-of-service standard in setting just and reasonable utility rates, but that departure isn`t as easy as it looks. Up until now, cost-of-service ratemaking has provided relatively stable … file an initial claimWebJun 14, 2024 · If adopted by the PUC, Hawaii will have a ratemaking system that aims to protect customers from costs, but also allows the utilities to aggressively pursue … grocery store greenwood ms