Boston, June 2, 2010 — EnerNOC, a provider of energy management applications and services, will expand its DemandSMART network of commercial, institutional and industrial customers in Northern California by 30 MW.
“California’s commitment to procuring cost-effective demand side resources is aligned with ratepayer best interests, economic development, and environmental initiatives,” said Tim Healy, Chairman and CEO of EnerNOC.
When dispatched by Pacific Gas and Electric Co., EnerNOC activates its network of commercial, institutional, and industrial energy customers to reduce electricity usage.
Using DemandSMART, customers can monitor their performance in real-time, helping to helping to maximize demand response benefits. In addition, customers can use DemandSMART’s real-time energy monitoring features to identify additional energy savings opportunities.
By joining EnerNOC’s DemandSMART network, organizations are helping to offset the need to build new fossil-fuel burning peaking power plants or to make spot energy purchases from wholesale markets during times of peak demand.
Participating sites receive two payment streams: a “capacity payment” simply for being on standby, ready to respond if a demand response event is called, and an “energy payment” based on how well they perform during an actual event.
This program is administered by PG&E and funded by California utility customers under the auspices of the California Public Utilities Commission, and the 30 MW expansion described in this release is subject to regulatory approval.