CPower signs contract with PECO to help business customers in Pennsylvania reduce electricity demand during peak hours
CPower, a leading provider of demand-side energy management services to commercial and industrial customers, announced it has been selected by PECO Energy Company (PECO - an Exelon Company) as one of the curtailment service providers to facilitate PA Act 129 demand response services during peak hours in the utility's service areas.
PECO is the largest electric and natural gas utility in Pennsylvania, serving approximately 1.6 million electric customers and more than 511,000 natural gas customers in southeastern Pennsylvania. The multi-year, multi-million dollar contract with CPower will ensure grid reliability by enabling commercial and industrial companies to participate in PECO's Act 129 demand response programs. CPower helps clients optimize energy savings and earnings via effective load curtailment strategies, including temporarily reducing or shutting down industrial processes, turning off lights in groups or sequences, cutting back HVAC systems, or shutting down large motors and compressors.
"CPower is excited to provide demand-side resources to help PECO support grid reliability and meet the state's aggressive energy reduction goals," said Glenn Bogarde, Senior Vice President, CPower. "The new PA programs will provide compounding value and a great opportunity for businesses to improve their bottom line and help the community by keeping the power system sustainable and stable during times of high use."
This Commercial and Industrial Demand Response Program will be offered during the summer months (June - September) of the Act 129 program delivery years starting in 2017 until 2020. The program is unique in that it allows for enrollment in addition to existing PJM programs, increasing the financial incentives available to participants. CPower will launch the program on June 1, 2017, and is currently recruiting participants for the 2017 performance season. Learn more at: https://cpowerenergymanagement.com/pecodemandresponse/
About Demand Response
Demand response programs reward electricity users for reducing consumption when alerted by a utility or independent system operators (ISO) such as PJM Interconnection, the grid operator that services 13 states and the District of Columbia. Those reductions improve the performance of the regional electric grid, particularly during hot summer months or deep winter chills when energy usage increases. Participants are compensated based on how much electric load they commit to curtail when notified by the utility about a peak demand event during periods of potential grid stress conditions.
About PA Act 129
On October 15, 2008, House Bill 2200 was signed into law as Pennsylvania Act 129 (PA Act 129). The Act expanded the energy efficiency responsibilities of the Public Utility Commission (PUC) and imposed new requirements on the state's electric utilities with goals of reducing energy consumption and demand, among others. Phase I required utilities with more than 100,000 customers to reduce MWh consumption by 3 percent and reduce system demand 4.5 percent during peak hours by May 31, 2013. Phase II focused on efficiency targets with no demand reduction component. For Phase III, the PUC determined in its Implementation Order that additional reductions in consumption and demand response were cost-effective and prescribed targets to be met by May 31, 2021. CPower will help several Pennsylvania utilities to meet those targets. More on Act 129 can be found at the following link: http://www.puc.state.pa.us/electric/pdf/Act129/HB2200-Act129_Bill.pdf
CPower is a demand-side energy management company. We specialize in helping commercial, industrial, government and non-profit customers reduce their net energy spend and achieve their sustainability goals. CPower is a leading provider of demand side management services to commercial and industrial customers across the U.S. with 25+ years of knowledge and experience in helping customers implement intelligent energy management programs. Follow CPower on Twitter @cpowerenergy or at www.CPowerEnergyManagement.com.