ENERNOC SIGNS 65 MEGAWATT DEMAND RESPONSE CONTRACT WITH IDAHO POWER.
"Investing in this demand response initiative helps us meet our commitment to our customers to continue to provide responsible, reliable, fair-priced energy and continue to diversify our power portfolio. By choosing EnerNOC's demand response application, which has been successfully deployed by many of our respected industry peers, we get the firm capacity we need to respond to peak load demands during our summer peak season," said Warren Kline, Customer Service and Regional Operations Vice President of Idaho Power.
"This is Idaho Power's first comprehensive demand response offering targeting commercial and industrial customers, and demonstrates that more and more utilities are embracing demand response as a necessary component of their resource portfolio," said Tim Healy, chairman and CEO of EnerNOC.
EnerNOC will enable and manage a network of commercial and industrial facilities throughout Idaho Power's service area to reduce electricity demand during system peaks. Idaho Power experienced a new summer peak of 3,214 MW in June 2008. EnerNOC will install its technology, free of charge to the customer, at each participating facility and provide payments to participants for being "on call" during the summer months. In addition, each facility will get free basic access to EnerNOC's PowerTrak(r) energy management software, which will enable them to identify additional cost-saving opportunities through better energy management. When a demand response event is called, EnerNOC will dispatch its network to reduce non-essential electricity usage and collect real-time data to verify that each facility is achieving its pre-determined energy reduction goals.
This contract is subject to the approval of the Idaho Public Utilities Commission.
EnerNOC provides demand response and energy efficiency solutions throughout North America in open markets such as New England, New York, PJM Interconnection, Texas, and California, as well as under bilateral agreements with utilities such as the Tennessee Valley Authority, Tampa Electric Company, Salt River Project, Public Service Company of New Mexico, and Xcel Energy.
About Idaho Power
Formed in 1998, IDACORP, Inc. is the holding company for Idaho Power, a regulated electric utility that began operations in 1916. Today, Idaho Power employs nearly 2,000 people to serve a 24,000 square-mile service area in southern Idaho and eastern Oregon. With 17 low-cost hydroelectric projects as the core of its generation portfolio, Idaho Power's 487,000 residential, business and agricultural customers pay some of the nation's lowest prices for electricity. Idaho Power offers energy efficiency programs and incentives for residential, commercial, industrial and irrigation customers. To learn more about Idaho Power's energy efficiency programs, visit the Energy Center at www.idahopower.com/energycenter.
For more information about Idaho Power or IDACORP, visit http;/ www.idahopower.com or http://www.idacorpinc.com or call 208/388.2346.
EnerNOC, Inc. is a leading developer and provider of clean and intelligent energy solutions to commercial, institutional, and industrial customers, as well as electric power grid operators and utilities. EnerNOC's technology-enabled demand response and energy management solutions help optimize the balance of electric supply and demand. The company uses its Network Operations Center, or NOC, to remotely manage and reduce electricity consumption across a network of commercial, institutional, and industrial customer sites and make demand response capacity and energy available to grid operators and utilities on demand.
For more information, visit http://www.enernoc.com or call 617/532.8195.
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|Date:||Apr 1, 2009|
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