A Utility Distribution company faces resource adequacy capacity costs and peak demand charges if its reserved capacity limits are exceeded. If exceeded then these costs are applied for each day remaining throughout the remainder of the month. The critical peak charges can be significant.
IES’s smarter energy solutions are deployed within the Distribution Company’s residential and commercial customers. These services autonomously assess, and forecast capacity levels, as well as, determine opportunities for aggregating capacity & peak demand reductions. IES’s service remotely monitors and manages capacity and peak demand to planned levels.
IES’s IROMTM cloud-based, software platform gathers data in real-time from major in-premise load sources and equipment to automatically analyze, decide and direct actions that continuously manage energy loads to levels within established performance thresholds.
For a generic distributor: The managed control of 100,000 residences delivers a virtual peaking power plant producing between 250MW to 400MW of capacity at a unit cost of $100 per per kW and an avoided critical peak demand costs of up to $100 /kW.Hide Case Study
Retail energy providers (REP) are engaged in fiercely competitive markets, with constant downward pressure on prices and increasing risk. Often viewed as a commodity by their customers, they are subject to churn and the cost of constantly acquiring or reacquiring customers. The IES managed end to end solutions can change the game for REPs: using IES' predictive load management capabilities, REPs can reduce the cost of insurance for peak periods, and can utilize the Peak Demand Response and Capacity Management functionality to develop new revenue streams and to reduce the total amount of energy used. These unique capabilities deliver more economic value for the REP, and provide the clear differentiation to reduce churn and drive customer loyalty.
The REP may also elect to partner with IES, and IES can then bring the power of its commercial solutions to the REP's customers providing further savings, visibility and empowerment, and asset risk management.