Boston, August 20, 2012 — Genesis Energy, a national electricity retailer serving the Wellington, Wairarapa, Kapiti Coast and Manawatu areas of New Zealand’s Lower North Island, signed a 20 MW contract with EnerNOC contract to address transmission constraints.
Under the terms of the contract, the program began in July 2012, with an opportunity to extend to 50 MW in two years.
In 2011, more than 70 percent of New Zealand’s energy came from renewable resources. Wind generation is expected to climb from roughly five percent of overall capacity today to as much as 20 percent of the overall resource mix by 2030.
Current transmission constraints and the intermittency of some renewable sources, however, have historically created price spikes. By using demand response during times of peak demand, Genesis will be able to help lower overall electricity prices, while creating a valuable revenue stream for its participating customers.
Under the Genesis Energy-EnerNOC DemandSMART program, Genesis Energy customers will receive payments for responding to demand response dispatches as well as real-time access to their energy data, which provides greater visibility into overall operational efficiency and helps identify energy savings opportunities.
EnerNOC already has a strong track record of delivering demand response in the New Zealand’s Interruptible Load Program, which operates in the country’s Instantaneous Reserve Market.