BALTIMORE, April 21, 2021 /PRNewswire/ -- CPower Energy
Management ("CPower"), a leading energy solutions provider, today
announced that it has been selected as one of the awardees by Con
Edison and Niagara Mohawk Power Corporation d/b/a National Grid
("National Grid") for each utility's Term-Dynamic Load Management
(DLM) Program ("Term-DLM Program") in New
York. The Term-DLM Program is a day-ahead peak-shaving
program that will incentivize customers to provide load relief with
21 hours of notice or more. The program offers fixed pricing for
contract lengths of three to five years and longer-term price
certainty compared to tariff-based DLM programs, which can change
pricing annually.
The Term-DLM Program was established in September 2020 by the New York Public Service
Commission along with an additional long-term, contract-based
program called the Auto-DLM Program, which requires higher
performance in delivering load relief and the ability to respond to
event calls in 10 minutes. The new programs aim to create more
opportunities for distributed energy resources to participate in
distribution level demand response and to help meet New York's clean energy goals, including the
procurement of 1,500 MW of energy storage by 2025 and 70 percent of
its electricity from renewable sources by 2030.
"New York dynamic load programs
serve as a model for greater energy flexibility as it creates value
for both the utility and customer," said Peter Dotson-Westphalen, senior director of
Market Development, CPower. "We are honored to have been selected
by Con Edison and National Grid as they advance the state's goals
for distributed energy resources, such as energy storage, to drive
a cleaner energy future."
"These programs will generate long-term commitments by customers
and developers looking to earn revenue by reducing their usage when
demand for power is high," said Marlon
Argueta, manager of Demand Response programs for Con Edison,
the energy company that serves New York
City and Westchester
County. "This will be immensely valuable in helping us keep
our service reliable at times when our customers need it most. We
also hope the revenue certainty the Term- and Auto-DLM programs
provide will encourage participants to invest in battery storage
and other clean energy technologies for demand response."
The Term-DLM Program is similar to the utilities' Commercial
System Relief Program (CSRP). The Term-DLM Program is deployed in
either Con Edison's or National Grid's territory when the day-ahead
forecasted peak load is 92 percent of forecast system peak demand
for the season; Con Edison also has the option to dispatch the
Term-DLM Program at 88 percent. CSRP is activated in these two
utilities' territories at 92 percent of forecast system peak demand
for the season.
"We aim to increase flexibility and reduce costs of operating
the grid," said John Isberg, Vice
President of Customer Sales and Solutions at National Grid. "We are
eager to continue to add new resources like the Term-DLM Program
into our portfolio, especially as dynamic load management reduces
costs for everyone on the energy system and helps integrate new
flexible resources."
Customers can participate in either the Term-DLM Program or CSRP
and still be able to participate in the New York Independent System
Operator's Special Case Resources Program and the utilities'
Distribution Load Relief Program.
About CPower Energy Management
CPower Energy
Management is a leading, national energy solutions provider guiding
customers towards a clean and dependable energy future. We maximize
the value of our customers' electricity loads, facility assets and
distributed energy resources. With more than two decades of
experience, we've grown to offer more than 50 local energy programs
partnering with grid operators and utilities to more than 11,000
sites, delivering approximately 7,000 metric tons of CO2 reductions
in 2020 alone. Our presence across North
America allows us to manage more than 4.2 GW of customer
capacity and provide energy to the grid when it's needed most.
CPower is based in Baltimore,
Maryland and is owned by LS Power, a development, investment
and operating company focused on the power and energy
infrastructure sector. For more information, visit:
www.cpowerenergymanagement.com.
About Con Edison
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 to 3.5 million customers in
New York City and Westchester County, N.Y. For financial,
operations and customer service information, visit conEd.com. For
demand response information, visit coned.com/dr.
About National Grid
National Grid (NYSE: NGG) is an
electricity, natural gas, and clean energy delivery company serving
more than 20 million people through our networks in New York, Massachusetts, and Rhode Island. National Grid is transforming
our electricity and natural gas networks with smarter, cleaner, and
more resilient energy solutions to meet the goal of reducing
greenhouse gas emissions.
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SOURCE CPower Energy Management