Critical peak rebates

(CPR) - when utilities observe or anticipate high wholesale market prices or power system emergency conditions, they may call critical events during pre-specified time periods (e.g., 3 p.m.—6 p.m. summer weekday afternoons), the price for electricity during these time periods remains the same but the customer is refunded at a single, predetermined value for any reduction in consumption relative to what the utility deemed the customer was expected to consume.
Unit of Measure: 
Commercial, Residential, Multifamily
Bedes version: 
Term ID: b35d8673-527c-4d42-8205-08ec55e3c4b4