Transactive Energy Rate (TER) Pilot Program NHEC’s hourly Transactive Energy Rate (TER) pilot program is an innovative way to maximize the value of your investment in technology like Electric Vehicle (EV) charging, standalone batteries, and more. The TER is an hourly electricity rate that is published each day for the following day, so you can plan your energy use to take advantage of hourly variations in the price of power. When you enroll an eligible device in TER, you’ll pay, or be paid for, the power your registered device uses or exports to the electric grid. By shifting more of your energy consumption to lower-priced hours, or producing energy during high-priced hours, you can save money and receive credits from NHEC. The TER rates do not apply to your regular household usage, just the devices that you have registered in the TER program. With access to day-ahead Hourly Pricing information, you or a third party aggregator can plan the best times to shift your energy use. With NHEC’s transactive rates, individual bills and savings vary month to month based on weather, market conditions and your energy usage habits. QUESTIONS? EMAIL US AT: SOLUTIONS@NHEC.COM. How it Works Managing Costs with Hourly Pricing Although most NHEC members pay a flat rate for power, no matter when it’s used, the actual price of electricity varies hourly in New England based on a number of factors that drive demand for power, including the weather, the time of day and the day of the week. Electricity prices tend to be higher during weekdays and lower on weekends, for instance. Demand and price patterns also vary by season. By keeping these patterns in mind, and with day-ahead pricing information from NHEC, you can wisely manage the energy your device uses or exports. Factors that Impact Hourly Prices • The weather can impact the real-time price of electricity, particularly during the summer when air conditioner use drives up demand for energy. • Prices can sometimes increase in the spring or fall if a heat wave occurs when some power plants are shut down for maintenance. • During the winter, electricity prices can increase when there is a sudden and significant temperature drop or when extended cold snaps push up natural gas prices. • There can also be unexpected and brief price spikes if multiple power plants have technical or mechanical problems at the same time Eligible Devices Electric Vehicles & Chargers Owners of certain Electric Vehicles (EVs) and EV Charging stations can participate in the TER pilot program. EVs and Charging Stations that have the capability to export power to the grid can be set to consume power during low-priced hours and export during high-demand/high-priced hours. You’ll be paid the actual cost of power in effect during the hours you export. Battery Storage Residential battery storage units are handy during a power outage, but they can also be maximized to take advantage of hourly price fluctuations. See the link below for eligible devices. Interconnection Application If you are enrolling a device that will be exporting energy to the NHEC grid, you must first complete the NHEC Interconnection Application located at the link below. Thank you! Eligible Device List NHEC Interconnection Application l Enrollment Process NHEC strongly recommends that you use an “aggregator” to enroll in the TER pilot and to manage your device’s daily energy usage. Aggregators take the worry out of setting up your device every day so you can get the most value from it. In most cases, the manufacturer of your registered device will be your aggregator. Your device installer can provide more information about aggregation services, and help you register your device with NHEC. If you do not plan to use an aggregator, please review the FAQ for important information about joining the program and how to make the TER work best for you. PLEASE NOTE: program enrollment is only possible if your device is installed and connected. NHEC is actively seeking additional aggregators to help our members participate in this pilot program. If your company is interested, please contact solutions@nhec.com. List of Aggregators Understanding My Bill Your bill will show the total cost for the energy used or produced, calculated using the TER hourly prices. Sample Bill S Resources Learn more about the TER Pilot Program. Frequently Asked Questions (FAQs) Terms & Conditions (Section X)