Businesses Can Earn Payments by Temporarily Reducing Energy Consumption
Salt River Project (SRP) commercial customers looking to reduce energy costs are invited to participate in an innovative program to help businesses achieve sustainability and financial goals. On Jan. 29, SRP is launching its Business Demand Response program in conjunction with Enel X, the global leader in demand response.
SRP and Enel X are working together to provide a Business Demand Response program that pays companies to temporarily reduce energy use when called upon because of situations that impact the grid, including extreme summer weather, wholesale price spikes or unexpected system issues. By participating, a business can earn payments without foregoing operational reliability while also helping SRP strengthen its grid and increase sustainability efforts.
Organizations with large buildings and a high-energy spend are good candidates. Many organizations in manufacturing, cold storage, government, and education currently work with Enel X to earn payments through demand response programs worldwide. Demand Response participants receive advanced notice of potential events, enabling them to proactively prepare their facilities. Incentives for participation are customized to each company based on the scope of their plan and ability to allow for temporary control over energy usage during the high-peak summer season from noon to 9 p.m. during the May 15 to October 15 timeframe.
“SRP is eager to build the commercial component of its demand response initiative as SRP is strategically planning to include demand response as a portion of its overall resource portfolio,” said Dan Dreiling, SRP director of Customer Programs. “The Business Demand Response program is also an important part of SRP’s long-term plan to meet this element of its 2035 Sustainability Goals.”
The full article can be found here: https://media.srpnet.com/srp-seeks-commercial-customers-in-demand-response-program/