EnergyConnect continues to provide voluntary economic demand response programs to customers in the mid-Atlantic and Midwest-based PJM market.
As wholesale electricity prices continue to set record highs, a recent PJM Executive Report highlighted the expanding role that consumers are playing in reducing costs by providing electricity to the grid by curtailing or shifting usage during times of peak demand. During the first quarter of 2008, EnergyConnect processed over 50 percent of the economic real-time and day-ahead demand response settlements for customers in the PJM region, underscoring the company’s substantial leadership in the region.
“With wholesale electricity prices at their highest levels in three years, and natural gas prices at the highest levels since Hurricane Katrina, the retail cost of electricity to the region’s commercial and industrial consumers is increasingly burdensome,” said Gene Ameduri, president of EnergyConnect. “Coupled with a projected 25 percent increase in electricity costs throughout the eastern United States over the next two years, it is clear that consumers are looking for proven ways to regain control of their electricity budgets.”
EnergyConnect’s FlexConnect offerings, which include proprietary mathematical analysis and complete weather sensitive adjustment calculations, allow participants to minimize their total energy costs by generating recurring income from voluntarily reducing electricity usage when energy prices are high or the electric grid is overloaded.
“It is gratifying to be part of the solution and help our clients regain control of their energy costs while also providing significant benefits across the electric grid,” added Ameduri. “As FERC-driven rules for demand response introduce additional complexity to the PJM market, our past experience and full suite of comprehensive and scalable demand response services is helping solidify our leadership position in PJM.”