For Immediate Release:

Jenna Weatherred
VP, Member and Community Relations
970-947-5470
jweatherred@holycross.com
www.holycross.com

Holy Cross Energy to review demand response and electric vehicle charging programs

Glenwood Springs, CO, June 5, 2023 – As required by recent changes in federal law, local electric cooperative Holy Cross Energy (HCE) will review its demand response and electric vehicle charging programs in a public hearing at its June 21 Board of Directors meeting. The Infrastructure Investment and Jobs Act of 2021 created two new federal standards related to the promotion of demand-response and electric vehicle adoption that electric utilities must consider implementing if appropriate.

HCE’s demand response programs include:

• Peak Time Payback (PTP), where members can receive bill credits in exchange for voluntarily reducing their electricity consumption during times of high system consumption;
• Time of Day Rates, where members can voluntarily sign up for an electric rate option that charges less for electricity consumed in “off-peak” hours compared to “on-peak” hours (4-9 pm daily); and
• Power+, where members can earn a monthly Distribution Flexibility credit in exchange for allowing HCE to utilize their battery energy storage system for demand response, within certain limits

HCE’s electric vehicle programs include:

• Charge at Home, which provides residential members up to two free Level 2 EV chargers per member, with installation costs paid directly by the member or spread over three years on the members’ HCE electric bill;
• Charge at Work, which provides commercial members up to four free Level 2 EV chargers per member, with installation costs paid directly by the member or spread over three years on the members’ HCE electric bill; and
• Community Charging, which provides limited in-kind support for the installation of DC Fast Chargers by local community partners who receive State or Federal funding for EV charging or who pay for the charger directly.

HCE members are invited to submit comments and any related materials on the standards being considered. Information on the standards and HCE’s current activities can be found at  https://wordpress-851390-3159745.cloudwaysapps.com/board-meetings/ along with the agenda for the June 21 Board meeting and the link to sign up to participate in the public hearing. HCE members may also submit comments electronically to communityrelations@holycross.com or deliver them by mail to HCE’s Glenwood Springs offices no later than June 16 to be included in the record.

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About Holy Cross Energy

Founded in 1939, Holy Cross Energy (HCE) is a not-for-profit rural electric co-op providing safe, reliable, affordable, and sustainable energy and services that improve the quality of life for more than 45,000 members in western Colorado. HCE was built by and belongs to the diverse communities and member-owners we serve. Membership is open to everyone in our service territory, regardless of race, religion, age, disability, language, political perspective, or socioeconomic status. HCE is committed to leading the responsible transition to a clean energy future. Its 100×30 goal is to provide members with 100% clean energy by 2030 and achieve net-zero greenhouse gas emissions by 2035. For more information on HCE, please visit www.holycross.com.