AES NewEnergy Inc., a unit of AES Corp., is preparing for the anticipated strain on the electricity grid in New York City with a program that pays companies to conserve energy, said Vice-Pres. Brian Hayduk. AES NewEnergy is enrolling New York area companies in programs sponsored by the Pennsylvania, Jersey, Maryland (PJM) Interconnection and the New York Independent System Operator (ISO). When a system “emergency” is declared by an ISO, AES NewEnergy will contact the companies in the pool to determine if they would like to participate. A company in the program that sheds 1 Mw of load, or has 1 Mw of backup generation can earn $2,000/event or more.
By the OGJ Online Staff