Itron, a technology and services company dedicated to the resourceful use of energy and water, signed a three-year contract extension with Southern Maryland Electric Cooperative.
Following a 10-year contract, Itron will continue to provide SMECO with a fully outsourced and pay-for-performance demand response solution that helps the cooperative ensure reliable power and lower rates for its members.
Enrolling 16 MW of large commercial and industrial load for a total of 60 MW of available capacity, SMECO is able to reduce its exposure to generation and transmission capacity charges in the wholesale market.
As a fully outsourced solution, Itron recruits customers into the program, installs the necessary load control equipment and operates the program using Itron’s IntelliSOURCE Enterprise cloud-based software. Using the flexible and surgical control strategies enabled by IntelliSOURCE Enterprise, Itron operates the program as a virtual power plant for the utility, increasing reliability and lowering costs to SMECO’s customers.
Itron ensured a cost-effective load management solution for SMECO in the previous contract, taking on the accountability to deliver sustained results under a pay-for-performance model. Due to Itron’s success in meeting these requirements, SMECO chose Itron to continue managing the program through this contract extension.