energy tariff

US utility Lakeland Electric launched two new energy tariff models to reduce consumers' energy usage and stabilise its grid network during peak demand periods.The new energy tariff models 'Shift to Save' and 'Demand plan' are expected to help Lakeland Electric to improve its customer services by helping consumers to reduce their energy consumption and costs.

Under the Shift to Save energy tariff model, customers of Lakeland Electric will be charged 5.5 cents per kilowatt-hour during off-peak periods and 17.5 cents per kilowatt-hour during peak demand periods.

With the demand plan energy tariff, consumers will pay a lower rate per kilowatt-hour at all times but will be charged more according to how fast they use their energy at one point during the month.

[quote] The introduction of the two energy tariff models will contribute to Lakeland Electric meeting its carbon emission reduction targets set under environmental policies in Florida.

David Kus, the assistant general manager at Lakeland Electric, said the development will allow the energy provider to reduce its operational expenses by avoiding investing in new energy generation infrastructure to meet peak demand periods.

However, the two energy tariff models will give Lakeland Electric more time to raise funds for the development of clean energy generators to allow the closure of the company's coal-fired Unit 3 generator in the late 2020s.

Energy tariff increases

The news follows an announcement made in late January by Con Edison that it secured an approval from the New York State Public Service Commission to increase its energy tariffs and raise the capital needed for its smart grid investment plan.

Audrey Zibelman, chairman at PSC, said the approved smart grid investment plan "... furthers our efforts to move utilities toward a cleaner, more distributed, customer-centric model for utility service, along with less costly and cleaner alternatives to traditional utility infrastructure investments.

“In addition, for both electric and gas, improvements are made to ensure the most vulnerable customers are protected and that the delivery systems are resilient and reliable.”

The approval of Con Edison’s smart grid investment plan will allow the utility to increase its tariffs by 2.3% in 2017, by 2.4% in 2018 and by 2.4% in 2019 for its consumers residing in New York consuming above 300KW/h per month.For Con Edison’s customers using 450KW/h per month in Westchester County, the utility will increase the cost of its electricity by 2.5%, 2.6% and by 2.6% within the next three years.

For Con Edison’s customers using 450KW/h per month in Westchester County, the utility will increase the cost of its electricity by 2.5%, 2.6% and by 2.6% within the next three years.

The utility’s gas customers using above 100 therms per month will witness increases in their bills by 1.6%, 5% and by 3.2% between 2017 and 2019. Read more...

 

Image credit: Electricity Local