Rates that determine how charges are levied by the utility
Data Type:
Constrained List
Category:
Unit of Measure:
None
Sector:
Commercial, Residential, Multifamily
Rate Structure
| List Options | Option Definition | Unit of Measure | |
|---|---|---|---|
| Critical peak pricing | (CPP) - when utilities observe or anticipate high wholesale market prices or power system emergency conditions, they may call critical events during a specified time period (e.g., 3 p.m.—6 p.m. on a hot summer weekday), the price for electricity during these time periods is substantially raised. Two variants of this type of rate design exist: one where the time and duration of the price increase are predetermined when events are called and another where the time and duration of the price increase may vary based on the electric grid’s need to have loads reduced | None | |
| 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. | None | |
| Flat rate | A consumer will pay one flat rate no matter what the usage level is | None | |
| Low income | Low income rate structure | None | |
| None | None | None | |
| Not applicable | Not applicable | None | |
| Other | Other | None | |
| Ratchet | A rate that keep raising based on highest demand to date for a set period of time. | None | |
| Rate period | None | ||
| Real time pricing | (RTP) - pricing rates generally apply to usage on an hourly basis. | None | |
| Standard | Standard rate structure | None | |
| Tiered rate decreasing | Tiered rates decrease the per-unit price of a utility as usage increases | None | |
| Tiered rate increasing | Tiered rates increase the per-unit price of a utility as usage increases | None | |
| Time of use | Time of use, or TOU, rates vary by time of day and time of year | None | |
| Unknown | Unknown | None | |
| Variable peak pricing | (VPP) - a hybrid of time-of-use and real-time pricing where the different periods for pricing are defined in advance (e.g., on-peak=6 hours for summer weekday afternoon; off-peak = all other hours in the summer months), but the price established for the on-peak period varies by utility and market conditions. | None |
Term ID: 333ca515-5dda-4641-a12d-13380109b0f0
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