New Velocity Suite Data



Velocity Suite has New EIA 2013 Form 861 Data

Additional fields concerning Demand Response, Energy Efficiency, and Dynamic Pricing programs will be available in the upcoming July release for EV Power subscribers.

Author: Velocity Suite Support

Earlier this year, the EIA released the 2013 EIA-861 data which includes new information from the Schedule 6 Parts A-D portions of the filing. Demand Side Management (DSM) and Energy Efficiency (EE) data has been collected in several different formats on the EIA-861 dating back to the 1997 filings. Additional data such as the number of participants for Demand Side Management and the weighted average life of program statistics for Energy Efficiency programs have now been added to the reporting requirements.

Because 2013 is the first year reporting the number of customers involved in Demand Response Programs, the value of this new item will not be fully realized until 2014 numbers are released and year-on-year comparisons can be made.

The recently released data also now includes data on Dynamic Pricing Programs. Dynamic Pricing Programs – often referred to as Time of Use Pricing (TOU) – can fall into several program types:

  • Variable Peak Pricing (VPP) is a program in which a form of TOU pricing allows customers to purchase their generation supply at prices set on a daily basis with varying on-peak and constant off-peak rates. Under the VPP program, the on-peak price for each weekday becomes available the previous day (typically late afternoon) and the customer is billed for actual consumption during the billing cycle at these prices.
  • Critical Peak Pricing (CPP) is a program in which the rate and/or price structure is designed to encourage reduced consumption during periods of high wholesale market prices or system contingencies, by imposing a pre-specified high rate or price for a limited number of days or hours. Very high “critical peak” prices are assessed for certain hours on event days (often limited to 10-15 per year). Prices can be 3-10 times as much during these few hours. Typically, CPP is combined with a TOU rate, but not always.
  • Real Time Pricing (RTP) is a program of rate and price structure in which the retail price for electricity typically fluctuates hourly or more often, to reflect changes in the wholesale price of electricity on either a day-ahead or hour-ahead basiss
  • Critical Peak Rebate (CPR) is a program in which rate and/or price structure is designed to encourage reduced consumption during periods of high wholesale market prices or system contingencies, by providing a rebate to the customer on a limited number of days and for a limited number of hours, at the request of the energy provider. Under this structure the energy provider can call event days (often limited to 10-15 per year) and provide a rebate typically several times the average price for certain hours in the day. The rebate is based on the actual customer usage compared to its baseline to determine the amount of the demand reduction each hour.

Source: EIA-861 Filing Instructions/Definitions

One limitation of the new data reporting is that the number of customers participating in Dynamic Pricing Programs is the total number of participants broken out by Sector type however the Program types are reported in aggregate with only Y/N fields. Consequently, this means that the number of participants in the individual program types can only be determined if the utility solely employs a single strategy/program for Dynamic Pricing. Most large utilities with extensive participation employ a variety of mechanisms.

In the chart below, note that for most states (save California) the majority of these participants are residential customers. This may in part be due to the use of other structured contracts (interruptible service agreements, for example) already being utilized to manage industrial/commercial demand which would not necessarily be reported on this schedule.

2013 Electric Company Pricing by State ABB

In summary, the additional reporting requirements on the EIA-861 provide an opportunity for deeper insight into the impact of various utility strategies to reduce demand, curb peak load, and reduce the negative consequences of brown outs and other power shortages. Future data releases will provide the ability for year-on-year comparisons to further analyze the adoption and deployment of these programs.

The Velocity Suite comes with phenomenal customer support to assist in analysis. To learn more about this new data and how to use it please Contact Velocity Support.

RELATED PRODUCTS

Velocity Suite >>
EV Power >>