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Another Texas TDU Reports 75% of REP Low-Income Smart Energy Device Reimbursement Funds Exhausted
AEP Texas Central reported that it has exhausted 75% of funds designated to reimburse retail electric providers for providing free programmable communicating thermostats and in-home displays (collectively, in-home devices) to low-income customers
AEP TCC informed the Public Utility Commission of Texas that as of May 23, 2016, approximately $172,500 remains available for reimbursements to the REPs.
AEP TCC had originally made $800,000 in funding available
Under the program launched in January 2015, for providing an eligible low-income customer with an eligible programmable communicating thermostat (PCT) or in-home display (IHD) at no cost to the customer, a TDU reimburses the REP for the cost of a device up to a cap of $250, with an additional 25% for administrative costs, for a total reimbursement cap of $300 per device. For PCTs only, an additional $125 is reimbursed to cover the cost of installation.
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May 24, 2016
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Copyright 2010-16 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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