Catalyst with Shayle Kann cover image

Catalyst with Shayle Kann

With Great Power: Why dynamic rates are gaining momentum

May 28, 2024
Ahmad Faruqui, a pioneer in time-of-use rates, discusses the momentum behind dynamic pricing for electric utilities. He explains the evolution of rates from the California energy crisis to smart meters, and the importance of transparent rate design. The podcast also previews an upcoming event on rate design.
24:21

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Dynamic rates gained momentum after the California energy crisis, leading to innovative time-of-use pricing strategies.
  • Enhanced customer education is crucial for widespread acceptance of dynamic rates in the utility industry.

Deep dives

The California Energy Crisis: Causes and Impacts

Amid soaring electricity prices and manipulated markets, the California energy crisis of 2000 revealed significant issues in the deregulated energy supply. Severe price imbalances led to rolling blackouts, an 800% increase in wholesale energy prices, and a disruptive market. This crisis triggered a market restructuring focusing on new ways to charge customers, leading to the introduction of time-of-use pricing after the crisis.

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