The Connecticut Public Utilities Regulatory Authority (PURA) just lately introduced updates to its Energy Storage Solutions program, together with the opening of Tranche 3 of the business and industrial (C&I) incentives in addition to the reallocation of 140 MW of capability from the residential sector to the C&I sector to match the rising demand for storage. This reallocation will assist this system obtain its targets sooner and at a decrease general price whereas permitting extra C&I property homeowners to profit.
A photo voltaic + storage undertaking accomplished by Nexamp.
Within the residential sector, the market has seen a gradual improve in battery installations for houses throughout Connecticut, together with almost 100 accepted tasks for low- and moderate-income clients. Residential clients can nonetheless obtain as much as $16,000 in upfront incentives, with clients that qualify as low-income receiving $600 per kWh and clients residing in underserved communities receiving $450 per kWh. These residential incentives can even qualify for a 50% adder if the client is situated on a grid circuit that experiences a higher frequency or period of energy outages than different clients. Incentives are designed to lower over time as program capability targets are achieved. The earlier households and companies act to make their houses and buildings extra resilient by way of onsite battery storage, the higher.
Different accepted adjustments to the Power Storage Options program embody however aren’t restricted to:
- Lower in C&I Upfront Incentives. As a result of overwhelming demand within the C&I sector, incentive charges had been decreased as of December 4, 2024, for brand new tasks.
- Adjustments to Passive Dispatch Window. The Passive Dispatch Window has been lowered from 5 hours to 3 hours through the passive dispatch season (June-August), that means that battery power storage techniques ought to be programed to dispatch from 5 to eight p.m. This discount within the Passive Dispatch Window will permit for a extra focused peak discount strategy by this system’s directors – Connecticut Inexperienced Financial institution, Eversource and United Illuminating (UI) – as a lot of the each day peaks have traditionally occurred throughout this system in the summertime between 5 to eight p.m.
All Power Storage Options program adjustments had been made as a part of the Yr 4 Determination in Docket No. 24-08-05, launched on December 4, 2024. This system is paid for by electrical ratepayers, overseen by PURA, and administered by the Connecticut Inexperienced Financial institution, Eversource, and UI.
Information merchandise from PURA
Trending Merchandise
