Constellation provides more timely load response benefits
Constellation, a subsidiary of Exelon, is offering customers an opportunity to integrate their energy management with their energy purchase.
"With Rate Response, customers who participate in load response programs can reduce their electricity supply costs and benefit from energy procurement and efficient power use in a single comprehensive budget," said Gary Fromer, senior vice president, energy management programs, for Constellation.
Typically, customers receive load response payments from their utility, ISO or curtailment service provider in the form of a check, months after a load response event has occurred. Constellation is offering customers the opportunity to lower their electricity supply costs by participating in load response programs that provide much quicker paybacks either in the form of a reduced rate on their electricity supply throughout the year or a direct bill credit.
"New and innovative options for how and when businesses receive load response program revenues are a motivating factor for broader program participation," said Marianne Hedin, senior research analyst at Pike Research. "Real progress in the load response industry requires bringing together customers' operations and procurement departments for a meaningful conversation regarding energy use, in order to further promote load response understanding and participation."
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Constellation claims untraditional peak response program