Performance incentive mechanisms can support broad policy goals, RMI finds

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August 20, 2020 - 2:25am

Critical Commentary

Performance Incentive Mechanisms (PIMs) are being considered to nudge utilities' behaviors and have been successful in states like New York and Rhode Island. Hawaii implemented shared savings mechanisms which include solar development and storage. Effective PIMs do require a move away from 'business as usual' models. States' recommendations have focused on short-term savings first rather and long-term approaches. PUCs have to make sure public interest is served but it cannot be done a rate-case.  More recently, environmental justice groups and local governments may have not been included in PIM discussions, now they are and it is a progress.

Source

Burdick, G. (2020, August 18). "Performance incentive mechanisms can support broad policy goals, RMI finds." Utility Dive. Retrieved from https://www.utilitydive.com/news/performance-incentive-mechanisms-can-su...

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