Real-time pricing may yield up to $15 billion annual electricity cost-savings in Washington

Weaver noted that providing consumers with proper price signals and time-based information about their electricity consumption will lead to savings arising from consumers reducing electricity use during the high-priced, peak-demand hours. These savings will result from the lower wholesale market prices for power due to the drop in demand. He made his remarks upon accepting the Edison Award, the number-one industry honor, on behalf of Puget Sound Energy at the Edison Electric Institute’s Annual Conference in New Orleans, La.

PITTSBURGH, June 4, 2001 — Citizen Power, utility watchdog organization, jointly with the American Public Power Association, has filed an appeal with the United States Court of Appeals for the District of Columbia of a Federal Energy Regulatory Commission (FERC) order disclaiming jurisdiction when generating plant ownership is transferred from one utility to another.

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