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Achieving Success With Modern Rate Structures

How Time-Varying Rates Drive Customer Satisfaction, Shift Demand and Achieve Utility Strategic Objectives

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Summary

Summary

The increase in load growth brought on by electrification, coupled with intermittent renewables and DERs, are posing challenges for utilities.

Innovation in ratemaking and customer engagement can help. Emerging rates structures have the potential to influence when customers use energy in a way that benefits them and the grid. But to be successful, we must implement them effectively to drive increased adoption

In this playbook, leading utility experts explain:

  • The importance of aligning rates with utility, customer and grid objectives
  • Why data and analytics are key to the success of new rates
  • How personalized data drives TOU awareness and complex rate adoption

Today, utilities companies must navigate an incredible volume of change, forcing them to reconsider virtually everything they do.

Implementing modern rate structures, including Time of Use (TOU) rates, is increasingly becoming a priority to meet regulatory mandates, manage a complex grid, integrate distributed energy resources, and achieve decarbonization targets. They are also a great way to save customers money and improve overall satisfaction with their utility.

To learn how you can successfully implement modern rate structures to address these objectives, read the Playbook: How Modern Rate Structures Drive Customer Satisfaction and Achieve Utility Strategic Objectives.

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