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PECO Reports Customer Load Reductions Under Retail Supplier-Offered Time of Use Pilot

April 29, 2015

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Copyright 2010-15 EnergyChoiceMatters.com
Reporting by Karen Abbott • kabbott@energychoicematters.com

PECO's time-of-use pricing pilot, which was supplied by an NRG Energy retail supplier, delivered a 6% average load reduction during non-holiday, weekday afternoons from 2 PM to 6 PM in June, July and August 2014, according to a report on the program filed by PECO.

The program had 4,300 participants during those months, nearly all of whom were residential customers.

For July 2014, the average peak load reduction per customer was 7% for customers who only shifted use of large appliances (e.g., washer and dryer, oven, stove). Average per customer impacts were twice as high, or 14%, for customers who reported shifting both large appliance and HVAC use (e.g., by adjusting thermostat settings).

Key findings from a survey of residential participates were:

• 98% were satisfied with PECO Smart Time Pricing or found it to be an equal or better value than their previous rate plan;

• 83% found PECO Smart Time Pricing to be convenient;

• 75% reported saving money on their bill; and

• 73% reported taking some level of action to shift electric usage away from peak hours (most commonly use of large appliances), while only 3% reported not shifting usage.

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