Ron Binz, the former Colorado state utility regulator, is heading to a more powerful position. President Barack Obama has named Binz as his choice to be the next chairman of the Federal Energy Regulatory Commission.
Binz, a Democrat, is an advisor with the Center for the New Energy Economy at Colorado State University, a backer of clean energy.
He is a strong supporter of the concept that electric power prices should reflect power supply and market conditions. For most utility customers in America, for ages, prices for power have been set in concrete - and as flexible as concrete.
Here is what Binz wrote in an EnergyBiz article one year ago:
"DYNAMIC PRICING FOR RESIDENTIAL ELECTRICITY use will bring significant advantages to utilities and their customers. The customer response elicited by time-of-use rates will lower overall system cost, to the benefit of all consumers."
For the complete text of Binz's guest opinion, click on: EnergyBiz.
To subscribe, click on: subscribe.