ATLANTA, Ga., August 21, 2002 — RETX has been contracted by AES NewEnergy to provide its load response management system for the New England area, announced RETX CEO and President, Ross D. Malme.
The RETX Load Management Dispatcherà¢â€ž- (LMD) service will be used by AES NewEnergy to participate in ISO New England’s award-winning Load Response Program.
The RETX LMDà¢â€ž- allows energy consumers who can reduce their usage or who have on-site generation capability to participate in the wholesale energy market. The RETX LMDà¢â€ž- is a decision support tool that tracks energy market prices and customer usage data, notifies energy customers when demand response opportunities arise and provides daily settlement estimates.
Said Malme, “AES NewEnergy is leading the way in helping to improve the reliability of New England’s energy supplies. RETX is very pleased to be a part of this critical energy industry transformation. We know from experience that Demand Response Resources (DRR) can work to improve a region’s power reliability, and we estimate DRR is less expensive by an order of magnitude than the traditional solutions of new generation and transmission.”
“AES NewEnergy, in conjunction with ISO New England and NEPOOL, now offers two programs with incentives for commercial and industrial users to conserve electricity during peak demand periods,” said Bob Kinscherf, Senior Business Development Manager for AES NewEnergy in New England.
“We offer these programs to promote energy conservation, not only in support of meeting this summer’s expected demand challenges, but also in support of the overall long term environmental benefits,” continued Kinscherf.
Information on ISO New England and its Load Response Program can be found at http://www.iso-ne.com.
AES NewEnergy is a retail electricity provider, serving commercial and industrial customers in California, Texas, Illinois, Ohio, Pennsylvania, Maryland, Delaware, New Jersey, New York, Massachusetts, Rhode Island, New Hampshire, and Maine. The company offers businesses energy-related products and services.
AES NewEnergy is a subsidiary of The AES Corp, a global power company composed of competitive generation, distribution and retail businesses around the world. More information on AES NewEnergy’s products and services can be found at www.newenergy.com.
RETX works throughout North America with electric utilities, load serving entities, ISOs, and retail energy service providers to provide 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.