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On the REV Agenda: The Role of Time-Variant Pricing

  • Date: March 31, 2015
  • Time: 8:30am–4:30pm
  • Location: NYU School of Law, Vanderbilt Hall - Greenberg Lounge, 40 Washington Square South

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VIEW THE FULL FORUM AGENDA

New York Department of Public Service, Environmental Defense Fund, and Institute for Policy Integrity at New York University School of Law are hosting a forum, “On the REV Agenda: The Role of Time-Variant Pricing,” on March 31, 2015, featuring Ahmad Faruqui from the Brattle Group as the keynote speaker.

Time-variant electricity pricing allows customers to better understand the true cost of generating and delivering electricity, which varies significantly throughout the day and over the course of the year. This type of pricing gives customers greater control over their electricity bills by allowing them to modify their energy use patterns based on prices. Time-variant pricing also helps utilities’ control costs, which fluctuate according to the variation in electricity demand that occurs at certain times during the day. Finally, time-variant pricing can help reduce greenhouse gas emissions by incentivizing energy efficiency and conservation as well as shifting demand toward times when the electricity is generated by cleaner sources.

This forum will focus on how time-variant pricing can contribute to achieving the goals of New York’s “Reforming the Energy Vision” (REV) initiative, which seeks to create a cleaner, more efficient, and more affordable electricity system. Key industry players from across the country will gather to talk about their experiences and lessons learned from implementing time-variant pricing. Leaders in energy and environmental research, policy, business, and advocacy will also discuss topics relevant to time-variant pricing, such as the impact on low-income customers, enabling technologies, environmental impacts, and the future of time-variant pricing in New York.

RELATED RESOURCES

AGENDA OVERVIEW

8:30AM-10:00AM – SESSION 1: WELCOME AND OBJECTIVES

Welcoming Comments
  • Richard Revesz, Director, Institute for Policy Integrity, NYU Law School
  • Rory Christian, Director, New York Clean Energy, Environmental Defense Fund
New York State Energy Directions
Setting the Stage for Time Variant Prices in NY
PSC REV Overview

10:00AM-11:45AM – SESSION 2: TIME-VARIANT PRICING: LESSONS LEARNED

Sacramento Municipal Utility District’s SmartPricing Options Pilot
Baltimore Gas & Electric’s Peak Time Rebate Program
Real Time Pricing in Illinois

11:45AM-12:15PM – BREAK

12:15PM-2:00PM – SESSION 3: TIME-VARIANT PRICING: CONSIDERATIONS

Low-Income Customers and Time-Variant Pricing
Environmental Effects of Time-Variant Pricing
  • Carol Miller, Professor, Civil and Environmental Engineering, Wayne State
Customer-Side Enabling Technologies

2:00PM-3:15PM – SESSION 4: THE FUTURE OF TIME-VARIANT PRICING IN NY

  • Ahmad Faruqui, Principal, Brattle Group
  • Frank Wolak, Director, Stanford Program on Energy and Sustainable Development
  • Timothy Brennan, Professor of Public Policy and Economics at University of Maryland, and Senior Fellow at Resources for the Future

3:15PM-3:30PM – WRAP UP AND CLOSING REMARKS

  • Eleanor Stein, Administrative Law Judge, Department of Public Service
  • Frank Convery, Chief Economist, Environmental Defense Fund
  • Richard Revesz, Director, Institute for Policy Integrity, NYU Law School