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Do³±czy³: 03 Lut 2024
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 Wys³any: Sob Lut 03, 2024 04:57 Temat postu: Hawaiian Electric Adopts New Performance Based Regulation Fr |
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Hawaiian Electric, the state’s largest utility, has adopted a new Performance Based Regulation (PBR) Framework based on a recent order from the Hawaii Public Utilities Commission (PUC) approving a portfolio of new Performance Incentive Mechanisms (PIMs), Scorecards, and Reported Metrics. The Framework became effective in June this year.
The new Framework is a comprehensive set of utility regulations to align the Hawaiian Electric financial interests with Hawaii’s clean energy goals and customer needs. The order WhatsApp Number Database represents the culmination of over two and a half years of dedicated work by a broad spectrum of key stakeholders, including Hawaiian Electric, the State Consumer Advocate, local governments, clean energy companies, and environmental groups.
The PBR Framework includes a Customer Dividend, which will automatically provide approximately $12.6 million in rate reduction in 2021, and is estimated to provide approximately $69.9 million in total rate reductions through 2025 — Hawaii has the highest electricity rates in the nation. The rate reduction in 2021 is equivalent to approximately $1.27 per month for a typical residential customer.
The portfolio’s suite of PIMs incentivize accelerated achievement of the state’s renewable energy goals; faster interconnection of small scale Distributed Energy Resource (DER) systems; increased procurement of grid services from customer-based programs; improved collaboration with Hawaii Energy to reach low-to-moderate income customers and promote energy saving measures; and improved utilization of next generation grid modernization infrastructure, which is currently being rolled out by Hawaiian Electric.
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