196.192 Market-based compensation, rates and contracts.
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196.192 Market-based compensation, rates and contracts.
(1)In this section:
(a)“Electric public utility” means a public utility whose purpose is the generation, distribution and sale of electric energy.
(b)“Electronics and information technology manufacturing zone” means a zone designated under s. 238.396
(1m).
(bm)Except as provided in par.
(br), the commission shall approve market-based rates for each investor-owned electric public utility that satisfy all of the following:
1. The rates result in customers receiving market-based compensation for voluntary interruptions of firm load during peak periods of electric use.
2. The rates include market-based pricing options and options for individual contracts that allow a retail customer, through service from its existing public utility, to receive market benefits and take market risks for the customer’s purchases of capacity or energy.
(br)The commission may not approve a market-based rate under par.
(bm)unless the commission determines that the rate will not harm shareholders of the investor-owned electric public utility or customers who are not subject to the rate.
(c)Subject to any approval of the commission that is necessary, an electric public utility that is not an investor-owned electric public utility may implement market-based rates approved under par.
(bm).