June 2007 Newsletter
Colleges and Universities Are Getting Into Demand Response
The Association of Independent Colleges and Universities of Pennsylvania (AICUP) recently hosted four statewide meetings on demand response that featured EnergyConnect, Inc. As reported in the Spring 2007 newsletter for the AICUP, demand response “financially rewards participants for accurately predicting when their load requirements will be less than a baseline estimate, and provides an incentive to reduce consumption when wholesale prices are high.”
The meetings engaged 61 officials from 35 AICUP member institutions and from the Lehigh Valley Association of Independent Colleges. Each college and university received an estimate, at no charge, from EnergyConnect on the potential revenue stream for demand response participation. Four members already enrolled in the program testified to revenue of 5-8% of their largest monthly electric bill….
Study Finds Big Savings in Demand Response
A new study on demand response estimates savings of up to $182 million per year for the PJM Interconnection, the power grid operator in 13 states and the District of Columbia. The estimated savings would take the form of reduced electric prices during peak hours of a year. These price reductions are estimated at up to 8% in the wholesale markets of PJM. The price reduction savings would accrue to all customers in the study area of five states in the Mid-Atlantic region.
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Read More : June 2007 Newsletter (pdf)
Posted on Friday, June 1st, 2007 - Newsletters