FERC Boss Dubs the Plug-in a ‘Cashback’ Hybrid

nrel-prius-plug-in-hybrid-demo-vehicleThe head of the Federal Energy Regulatory Commission (FERC) predicts that plug-in hybrid vehicles will provide immense benefit to power grid operators — enough for utilities to provide kickbacks to their customers, paying down the extra cost of a plug-in in as little as three years. Jon Wellinghoff, FERC’s acting chairman, made that comment at a Las Vegas trade show last week according to coverage by the Las Vegas Review-Journal (which I picked up on thanks to the keen newswatching eyes of specialty publication EV World).

Wellinghoff’s comments refer to plug-in hybrids equipped with the smarts to communicate with the power grid, which he termed the “Cashback Hybrid” according to the Review-Journal article:

When the Cashback is plugged in, motorists can allow the utility to vary the speed at which the battery recharges so that the utility can more closely match supply and demand for power on the electric grid…In return, the car owner could obtain cash back or a credit from the utility that makes the electricity free, he said.

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