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ConEdison Solutions and Viridity Energy Announce Expanded Demand Response, Management Offering
October 6, 2011
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ConEdison Solutions and Viridity Energy, Inc. announced yesterday an expanded partnership offering customers "energy optimization," which the companies said is a, "first-to-market automated, revenue-generating, energy management offering."
The offering builds on the companies' previous partnership which offered customers demand response, and allows end-users to reduce consumption in response to market prices, and then benefit from ConEdison Solutions and Viridity Energy's ability to sell the energy curtailment back into the market.
To implement "energy optimization," ConEdison Solutions and Viridity Energy will integrate intelligent software with a customer's building management system and other control devices. The companies will then control the client's energy-consuming equipment, based on protocols previously agreed to by the client, when a demand response event occurs or when economic market opportunities present themselves. Customers will incur no up-front cost for the installation of the technology.
The vendors notify customers when modifications will take place and give customers the opportunity to override the signals, if they so choose.
The energy optimization services will initially be offered in ISO New England, New York ISO, PJM, and ERCOT.
ConEdison Solutions will sell the offering in conjunction with its commodity sales operations as a value-added benefit for existing customers and as a way to gain new customers.
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