EnerNoc said that these emergency contracts, which commenced operation in June 2004 to address acute electric transmission reliability issues, have demonstrated the effectiveness of demand response as a viable, quick-to-market grid stability solution for grid operators and utilities.
The company also announced plans to maintain up to 170MW of demand response capacity that it manages under the two contracts with ISO New England (ISO-NE) and another with Connecticut Light and Power (CL&P), through a new contract with CL&P, once the ISO contracts expire.
EnerNoc’s contracts with ISO-NE for capacity in the southwest Connecticut region expire on May 31, 2008. ISO-NE has elected not to exercise its option to extend the contracts for an additional year.
Under the terms of the original agreements, the assets under management totaling nearly 85MW remain under the control of EnerNOC. A majority of these assets will be re-deployed under the new contract with CL&P.
