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Revolutionizing Rate Designs for Energy Efficiency
The chapter delves into the complexity of rate design in the energy sector, emphasizing the importance of rates being more cost-reflective rather than overly simplified for end-users. It discusses the evolving conditions in the industry, highlighting the need to reassess traditional principles and prioritize the dynamic efficiency of rate designs in the face of changing technological and demand dynamics. The conversation also explores the impact of electric vehicles on network peak times, the benefits of managed charging programs, and the necessity of rate reform for making electrification more affordable and efficient.