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NARUC meaning in Business ?

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Answer: What is National Association of Regulatory Utility Commissioners mean?

The National Association of Regulatory Utility Commissioners (NARUC) is the national association representing the state public service commissioners who regulate essential utility services, including energy, telecommunications, and water. NARUC members are responsible for assuring reliable utility service at fair, just, and reasonable rates. Founded in 1889, the Association is a resource for its members and the regulatory community, providing a venue to set and influence public policy, share best practices, and foster solutions to improve regulation.

Each summer, NARUC holds committee meetings. Major issues in 2016 for regulatory commissioners were rate design and the EPA's Clean Power Plan. Rate design deals with the issue of how to charge (and pay) customers who generate their own electricity through means such as rooftop solar devices. Consumers whose homes or businesses have solar panels that generate power can typically sell back excess electricity to the power grid in a process called net metering. For 2017, from its annual conference (held in July in San Diego), interoperability was a key issue. According to experts from the conference, it is important that the electric grid and smart technologies can work together. The concept is referred to as interoperability. This refers to the ability of different systems being able to share information with each other, interpret the data that they share, and present it to consumers in a way that is accessible.

The NARUC Board of Directors formally adopted the “Distributed Energy Resources Rate Design and Compensation” manual during NARUC’s annual meeting in La Quinta, California in November 2016. The manual was created as a guide for utility regulators in the process of implementing appropriate DER rate design and compensation policies.

The president of NARUC is Brandon Presley, who was appointed in November 2019 to the position. He serves as Chairman of Mississippi Public Service Commission.

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