Boston, June 6, 2011 – EnerNOC, Inc., provider of demand response applications and services, today announced its strong support for the order issued by the Federal Energy Regulatory Commission on June 3, 2011 regarding the methodology for valuing demand response resources in PJM’s capacity market.
In its order, FERC ruled that “PJM‘s proposed tariff changes have not been shown to be just and reasonable and may be unjust, unreasonable, unduly discriminatory or preferential or otherwise unlawful.”
Accordingly, FERC suspended PJM’s filing for the maximum allowable period provided by law and, in doing so, affirmed existing market rules through the full compliance period of the 2011/2012 delivery year.
“We are very pleased with this outcome,” said David Brewster, President of EnerNOC. “We have always advocated that real, measurable demand response capacity should be recognized for the value it provides to the grid. We will continue to work with FERC staff, PJM, and other stakeholders to ensure that PJM’s rules appropriately reflect the full value of demand response resources for the benefit of all ratepayers.”