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Stakeholders review energy‑efficiency savings targets, consider decoupling and third‑party models
Summary
Meeting participants discussed Virginia’s energy‑efficiency savings targets, mixed results across utilities, and possible complementary tools such as decoupling, multi‑year rate plans, and third‑party efficiency utilities.
Stakeholders at the Virginia Department of Energy‑facilitated meeting reviewed responses to a regulatory assessment and then turned to the state’s energy‑efficiency savings target mechanism. Participants noted that investor‑owned utilities have differing performance: some jurisdictions (for example, Appalachian Power territory) have exceeded targets while others (Dominion) did not meet the 2022 target, prompting questions about whether current incentives are sufficient.
SCC staff and stakeholders described the mechanics: utilities earn returns on investments in…
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