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HomeMy WebLinkAboutWORK SESSION SUMMARY-03/09/2021-Work Session (3) Utilities electric · stormwater · wastewater · water 700 Wood Street PO Box 580 Fort Collins, CO 80522 970.221.6700 970.221.6619 – fax 970.224.6003 – TDD utilities@fcgov.com fcgov.com/utilities M E M O R A N D U M DATE: March 12, 2021 TO: Mayor Troxell and Councilmembers FROM: Lance Smith, Utility Strategic Finance Director Lisa Rosintoski, Deputy Director of Customer Connections THROUGH: Darin Atteberry, City Manager Kelly DiMartino, Deputy City Manager Theresa Connor, Interim Utilities Executive Director RE: Council Work Session March 9 Summary - Residential Time-of-Day Review and Potential Next Steps City Council reviewed the time-of-day (TOD) rates based on a two-year analysis. The discussion and direction are as follows: x The price differential between the two residential rates should be addressed after staff provides advantages and disadvantages of possible solutions including moving customers to a single rate or allowing customers to move between the two rates. x The all-electric residences are varied in terms of energy efficiency and as such it may not be appropriate for those customers to be on the same rate structure. x Enrollment in the Income Qualified Assistance Program (IQAP) should be an area of focus to ensure more eligible customers are enrolled; staff is recommending shifting from an opt-in enrollment model for IQAP to an opt-out enrollment model this year, anticipated to be presented to Council in July 2021. x Consideration should be given to development of a time-of-day rate for small commercial customers that would support the community’s climate and energy goals; taking a deliberate approach to such a change as was done with the residential TOD. x It appears from the reduced call volumes and emails that more customers are getting accustomed to the TOD rate structure thus, staff should continue customer engagement efforts and develop additional ways to understand the rate structure as it applies to appliance use. x Given that the TOD rate structure is tied to the community’s initiatives, the messaging of the “why-and-how” this rate structure is important to achieving those targets needs to continue with customer outreach. x With the establishment of a wholesale energy market there will be continued evolution of rate structures to accurately reflect real-time price signals and support community climate and energy goals. The Feb. 14 winter freeze event demonstrated the community’s efforts to reduce load through a “call-to-action” that was successful in reducing the system coincident peak. x TOD rates during 2020 was unusual due to COVID-19 and staff learned how customers responded and were affected beyond identifying the unintended price differential between the two TOD rates.