Boston, June 25, 2010 — EnerNOC said that in response to yesterday’s grid emergency caused by the failure of two major power plants in the Northeast, EnerNOC dispatched more than 1,000 assets in its DemandSmart network, resulting in roughly 380 MW of reduced electricity demand.
The rapid reduction in demand helped save ratepayers millions of dollars by restoring back to more typical pricing levels the region’s real-time energy rates that had spiked to over $1,000 per megawatt-hour.
“Based on our forecasts for increased peak electricity demand, EnerNOC is prepared for what could be a very active summer of demand response activity,” said Tim Healy, Chairman and CEO of EnerNOC. “Yesterday, EnerNOC delivered the equivalent capacity of roughly three peaking power plants, which has significant value in today’s volatile and increasingly complex energy markets. Our DemandSmart application enabled us to respond quickly and provide the clean resource ISO New England was counting on.”
“EnerNOC was the first demand response provider to show a significant impact on today’s load drop in New England. In addition, we were dispatched in San Diego and we remained on high alert in PJM as temperatures neared 100 degrees. Our rapid response, our capacity to handle multiple dispatches simultaneously, and our ability to consistently deliver a high value resource is the direct result of our differentiated technology,” said Darren Brady, EnerNOC’s Chief Operating Officer.
During the 2 1/2-hour dispatch of a portion of EnerNOC’s demand response resources in New England, the company’s Network Operations Center managed more than half a million data transactions. The company’s NOC operators used this data to systematically manage individual site performance in real time.
In addition, customers logged in to and relied heavily on EnerNOC’s DemandSmart application to manage their individual performance, ensuring that their energy reduction targets were hit and maintained to maximize their participation and corresponding financial payments.
“We see EnerNOC demand response as one way to lower our energy costs while protecting our business and our community. EnerNOC is one of the most professional, helpful companies I’ve ever worked with. Their staff makes sure everything goes smoothly, from start to finish,” said Bill DiMento, Director of Manufacturing and Regulatory Affairs at High Liner Foods, which has multiple sites in Danvers, Mass., Peabody, Mass. and Portsmouth, N.H. enrolled with EnerNOC.
So far in 2010, EnerNOC has responded to more than 50 demand response dispatches, yielding an average performance of over 100 percent, based on nominated versus delivered capacity.