The Minnesota Division of Energy Resources invited Carl Linvill to provide workshop attendees with an in-depth look at the principles, policy considerations, and best practices for standby rate design. He explores the complexities of fair compensation in our current environment of increasing customer generation, along with the dynamic efficiency made possible by evolving technology. He frames options for designing incentives and flexible customer options that send the right price signals and ensure that utility costs are well-aligned with the services customers actually use. Mr. Linvill underscores his recommendations with experiences drawn from co-authoring the publication “Designing Distributed Generation Tariffs Well: Fair Compensation in a Time of Transition.”