As per the contract, EnerNOC will enable and manage a network of commercial, institutional, and industrial facilities to reduce electricity demand during periods of peak demand or high wholesale electricity prices.
EnerNOC will install its technology – free of charge – at each participating facility and provide year-round payments to participants for being on call. When Xcel Energy calls a demand response event, EnerNOC will dispatch its network to reduce non-essential energy usage and collect real-time data to verify that each facility is achieving its energy reduction goals.
“We conducted a rigorous analysis of service and technology providers and concluded that EnerNOC’s capabilities and strong track record of delivering demand response capacity to utilities will enable us to roll out a cost-effective, innovative offering to benefit our customers,” said Fred Stoffel, Xcel Energy.
Tim Healy, EnerNOC’s chairman and chief executive officer, said, “By utilizing demand response to economically meet peak demand in its service territory, Xcel Energy is reinforcing its position as an energy industry leader.”
