19 Mar '17, 9pm

Time-of-Use Means It’s Time for Storage - Renewable Energy World

Time-of-Use Means It’s Time for Storage - Renewable Energy World

Last September, the Hawaii Public Utilities Commission approved a pilot program in which residential utility customers pay a drastically different price for electricity depending on when they’re using it. This type of rate design, known as time-of-use (TOU) pricing, is nothing new. But what is new is that the rate structure could have profound implications for the value of solar systems on the islands, and energy storage might be needed to keep those systems economic. In that story is a lesson for the country and the future of solar. Many utilities have TOU programs that charge higher rates for electricity used during peak periods and lower rates during off-peak periods. The twist is that under Hawaii’s TOU pilot program the lowest electricity prices occur during the middle of the day — when solar production is at its peak — and ramp up in the evening. Low daytime rates an...

Full article: http://www.renewableenergyworld.com/ugc/articles/2017/01/...

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