Will Electric Rates Be as Smart as the Meters?
By Hope Robertson and Sharon Reishus
As utilities across North America invest in advanced “smart” meters, one of the most often-cited benefits is the ability to offer time-differentiated “dynamic” electric rates to mass-market customers, potentially inducing significant price-driven demand response and generating system benefits. However, a review of pilot programs under way suggests that the benefits may be more difficult to achieve than anticipated, and the reality unlikely to live up to the expectations....
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