Michael Ware on Utility Rate Checks

What this episode covers

In this Convo of Flanigan’s Eco-Logic, Ted speaks with Michael Ware, Senior Solar Specialist at EcoMotion Inc. Michael provides expertise in solar system site inspection. He is adept at measuring roof potential and modeling the cost-effectiveness of solar investments. His financial analyses include particular attention to electricity load profiles and rates and rate changes as a result of solar. As an expert in utility rate structures and how they impact the return on investment of a given investment, Michael has developed tools for weighing the value of different components, and comparing different scenarios.Ted and Michael dive into a discussion on electric utility rates and options, the amounts that large facilities, schools, and municipal and corporate facilities pay for power, and finding potential errors that can result in big savings. Michael shares that utility rates and rate components are in a constant state of flux, and encourages customers to make sure they are on the right rate.Michael also discusses rate components, such as energy and demand charges, breaking down basic rate categories, as well as the time of use and seasonal aspects. He shares the tools he uses to analyze rates via interval data, and how and why customers end up on the wrong rates in the first place. He and Ted highlight the primary findings of their clients' case studies. They found rate errors which led to big savings, which have been amplified by the dramatic utility rate escalation. They conclude by stating that it is well-worth customers' time, energy, and payments to acknowledge critical peak pricing, and to invest in rate checks and analysis.

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