HECO Bring Your Own Device

The new program is designed to help improve grid resilience, increase renewable energy integration into the electrical grid based on grid needs, and stabilize costs for everyone over time. In addition, the BYOD program implements equitable pricing so ALL customers have the opportunity to utilize renewable energy resources in the long run.

The BYOD program allows customers to receive incentives for installing a new battery and dispatching during specified time periods, meaning energy stored by batteries may be used to stabilize the grid, as needed.

Rates and Plan Details

Incentives

• Upfront incentive: $100 per kW committed that caps at $500. There is an LMI Adder that provides an additional upfront incentive of $100 per kW committed that also caps at $500. This incentive is proportional to the kW committed and is provided once.
• Monthly capacity performance incentive: $5 per kW committed. This incentive is proportional to the kW committed and is provided every month.
• Monthly cash incentive: Provided every month for the energy drawn from the battery. The rate is equal to the Smart Renewable Energy Export’s evening peak export rate or the rate of the underlying program, whichever is higher.

Battery Export Details

• During a high demand event this battery will dispatch energy to the grid.
• The battery will dispatch energy during a customer selected 2-hour window, 365 times per year.

Agreement

• A customer must participate in their agreement for 3 years. If a customer ends their contract early, they will not be able to keep their entire upfront incentive.
• The BYOD program agreement lasts for 10 years.
• Currently only Battery Energy Storage Systems that are paired with renewable energy generation are eligible for this program.

Requirements

Shift and Save

Shift and Save rates enable you to save money if you shift your energy use away from the high-demand evening and overnight hours that are at a higher kWh rate. The more you shift your energy usage away from those hours, the more money you could save. All participants in the Bring Your Own Device program will be enrolled on a Shift and Save rate unless the participant opts out of Shift and Save prior to commencing service on BYOD. Participants on Shift and Save also have the option to decline participation in the future. Service under BYOD + Shift and Save is available only to Schedule R, G, and J rates, and to TOU variants of these rates, on April 1, 2024. In addition, service under BYOD + non-Shift and Save rates will also be available on April 1, 2024. Click here for more information on Shift and Save.

Advanced Meters

Advanced meters are modern electric meters that enable two-way data sharing between your home or business and Hawaiian Electric through a secure wireless communications network. Advanced meters look just like the analog electric meters but with a digital display. Advanced meters are an important component of our grid modernization efforts. All participants in the Bring Your Own Device program must be using advanced meters. Click here for more information on advanced meters.

See HECOs BYOD Flyer for more information.