Peak Time Rebate
On December 13, 2019, REC filed an application with the SCC for regulatory approval of a new and innovative two-year pilot program called Peak Time Rebate (PTR). The two-year pilot program is designed to reduce the demand for electricity during specific critical peak hours during the summer, which typically occur between 4 pm and 6 pm.
Participants who choose to reduce energy usage during these peak hours will be compensated in the form of bill credits for energy they don't use as compared to their normal baseline usage. For each kilowatt hour (kWh) reduced during peak hours, participants will earn 75 cents. REC expects the average participant could save four kWh over a two-hour period, resulting in a rebate of $3.00 per event.
The PTR participant is under no obligation to reduce energy usage, and may opt out of any event with no penalty while continuing to pay the standard residential rate. The program is completely voluntary and provides participants with a high degree of flexibility with no risk. REC expects to have the PTR available on June 1st for the upcoming summer cooling season.
For the duration of the two-year pilot, the PTR will only be available to residential member-owners served by Schedule A-1. The program is not open to member-owners who participate in the Smart Response A/C Switch or Wi-Fi thermostat pilot.
Public comments can be submitted to the SCC through February 21, 2020, under Case No. PUR-2019-00217. SCC Staff is scheduled to file its report on the PTR on February 28, 2020.
Peak Time Rebate Timeline