NEW YORK, April 21, 2021 /PRNewswire/ -- A
consumer research group today bestowed an award on Con Edison for
using its new smart meters to improve programs that pay residential
customers for reducing their usage at times of high demand.
The Smart Energy Consumer Collaborative named Con Edison winner
of its Best Practices Award in the Smart Energy Innovation
category. The organization cited Con Edison's technology that helps
aggregators enroll residential customers in demand response
programs, which are also called Smart Usage Programs.
"Con Edison is honored to accept this award and excited about
the new opportunities our investments in smart meters and smart
grid technology are creating for our customers to earn payments in
our innovative demand response programs," said Greg Elcock, Con Edison's director of Energy
Efficiency and Demand Management. "We are pleased that our system's
additional capabilities were used in the first summer we deployed
them. We look forward to seeing more participants."
Aggregators are third-party companies that recruit customers to
participate in demand response programs. Once in a program, a
customer earns incentives for reducing energy usage at times when
the demand for power is high, usually on hot summer days. That
helps Con Edison keep service reliable at these times when a lot of
energy is flowing through its grid.
The minimum enrollment threshold for participation is now 10
watts, making it attractive for many residential customers.
Customers who would like to participate in the Smart Usage Rewards
program can enroll through an approved aggregator.
Con Edison is a subsidiary of Consolidated Edison, Inc.
[NYSE: ED], one of the nation's largest investor-owned energy
companies, with approximately $12
billion in annual revenues and $63
billion in assets. The utility delivers electricity, natural
gas and steam, and serves 3.5 million customers in New York City and Westchester County. Through Consolidated
Edison Inc.'s subsidiary, Con Edison Clean Energy Businesses, the
company is the second-largest solar developer in the United States and the seventh-largest
worldwide. For financial, operations and customer service
information, visit conEd.com. For energy efficiency information,
visit coned.com/energyefficiency. Also, visit us on
Twitter and Facebook.
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SOURCE Con Edison