San Jose, Calif., March 19, 2010 – EnergyConnect Group spoke out on a rulemaking proposition by the Federal Energy Regulatory Commission addressing demand response compensation for all organized energy markets.
The proposed rule recommends increasing the compensation for retail customers that respond to prices in the wholesale market and puts them on par with what generators are paid. Under FERC’s proposal, demand response resources would be paid the full market price for reductions made in response to price signals.
Kevin Evans, EnergyConnect’s president and CEO, said, “Today’s FERC proposal is a win for all energy consumers. We commend its leadership to empower customers to be part of the solution to improve the competitiveness and reliability of the smart grid. When customers are compensated for the service they provide to grid operators, everyone benefits.”
FERC’s commitment to properly compensate demand response resources coupled with EnergyConnect’s unique FlexConnect technology solution, which enables participation in price based DR programs, positions EnergyConnect for future success.
EnergyConnect delivers demand response technologies and services to commercial, institutional and industrial consumers enabling them to manage their use of electricity in response to market prices or regional power shortages. The EnergyConnect technology platform provides a scalable, cost-effective, clean technology to enhance the grid’s efficiency and reliability.