Using data to weigh the pros and cons of performance-based rates
Performance-based regulation (PBR) has been in the news, with Nevada approving legislation calling for a PBR process. Hawaii just approved a Phase 1 of a ground-breaking PBR initiative, deciding what “performance-based rates, tariffs, and other regulatory mechanisms were most critical for the island state’s efforts to reach 100 percent renewable energy by 2045.” Utilities are relying more on data to minimize the risk of taking on new rate structures.
For more information, see Using data to weigh the pros and cons of performance-based rates, UAI, June, 2019.