ISO New England Inc. and RETX were recently notified that ISO’s load response program developed for the six-state region utilizing RETX’s software has been awarded the Demand Response Program Award for 2001 by a national energy industry group.
HOLYOKE/ATLANTA, November 13, 2001 — ISO New England Inc. and RETX were recently notified that ISO’s load response program developed for the six-state region utilizing RETX’s software has been awarded the Demand Response Program Award for 2001 by a national energy industry group.
The Peak Load Management Alliance (PLMA) presented the award to the two companies, November 7, in Washington. D.C. at a PLMA conference, entitled, “Demand Response Programs: Results, Status and Future.”
“We are one of the pioneers in the nation to implement a regional demand response program that uses -edge internet technology,” said Stephen G. Whitley, ISO New England’s Senior Vice President and Chief Operating Officer. “And this award is one more demonstration that these programs are feasible and are an integral part of the future of our industry. But this award is only possible because of the many energy companies and their clients in the Northeast who have chosen to participate in our innovative program.”
Said Ross D. Malme, CEO and President of RETX, “We’re very proud to receive this honor. The dedicated employees of RETX and the ISO have worked thousands of hours to make this system work. This award is proof of their efforts, and a clear demonstration to other regions that an Internet-based demand response program is a viable way to improve the response of energy consumers to wholesale market prices.”
The ISO New England Load Response Program began earlier this year, following a pilot test conducted last year. The major objective for starting the program was to improve grid reliability and reduce certain system-wide operating expenses. ISO New England had predicted that the program could save millions of dollars annually and provide significant environmental benefits. At this time, over 120 companies and organizations in New England are enrolled in the program.
PLMA was founded in 1999 as a group of organizations and businesses with interests in working to find solutions to price fluctuations in the electricity supply markets.
RETX works throughout North America with electric and gas distribution utilities, load serving entities, ISOs, and retail energy service providers. The company provides fully integrated, customized and secure Web-based services, including load management, customer enrollment, meter information management, retail settlements, curtailment management, assisting with audit capability, and more. Its Web site can be found at www.RETX.com.
ISO New England Inc. is the not-for-profit corporation responsible for the day-to-day reliable operation of New England’s bulk power grid, as well as administrator of the region’s wholesale electricity marketplace. ISO New England is based in Holyoke, Massachusetts. It’s Web site can be found at www.iso-ne.com.