|
|
|
|
|
Another Texas REP Launches Critical Peak Rebate (With Automation), Promotes With $3,000 Challenge
Amigo Energy has launched a critical peak rebate program in Texas that includes, for certain customers, an automated response, and which is being promoted through a $3,000 grand prize challenge.
Amigo Energy's Peak Power Rewards program will pay the customer, for their eligible usage drop during a called event, the difference in the ERCOT Real Time price versus customer's contract price, multiplied by usage drop, multiplied by 50%.
A customer's usage drop must be at least 20% to be eligible for the reward. The usage drop is calculated by subtracting customer's actual usage for the Peak Power Reward Period minus customer's anticipated usage for the same period. Amigo Energy determines expected usage based on customer's historical usage adjusted for current weather conditions and other business factors.
Amigo Energy will apply accumulated Peak Power Rewards to a customer's account once the customer accrues a balance of $50, or at the end of the current program period.
Customers who have a SmartStat remotely controllable thermostat provided by Amigo will automatically respond to peak events. During an event, the SmartStat display will say "Demand Response in Progress," and the HVAC equipment will adjust by a few degrees to reduce the home's energy consumption. The SmartStat will automatically reset to the customer's preferred settings at the end of the event.
Customers who do not have a SmartStat but who have a smart meter may also participate in the critical peak rebate program, but Amigo says these customers should increase the temperature on their thermostat by 3°F for at least two hours during demand response periods.
Amigo Energy is also running a Peak Power Rewards Challenge that will provide prizes for the top 10 customers with the greatest cumulative savings. The highest saver will receive a grand prize of $3,000
ADVERTISEMENT Copyright 2010-
July 29, 2014
Email This Story
Copyright 2010-14 EnergyChoiceMatters.com
Reporting by Karen Abbott • kabbott@energychoicematters.com
NEW Jobs on RetailEnergyJobs.com:
• NEW! -- Manager, Business Analytics and Development -- Retail Provider
• NEW! -- Energy Sales -- DFW
• NEW! -- Manager of Billing -- Retail Supplier -- New York
• NEW! -- Manager, Billing -- Retail Provider
• NEW! -- Contract and Data Specialist -- Retail Supplier -- New York
• NEW! -- Billing Analyst -- Retail Supplier -- New York
• NEW! -- Energy Sales Executive -- DFW
• NEW! -- Senior Supply Analyst -- Retail Supplier -- Houston
• NEW! -- Customer Care Manager -- Retail Supplier -- New York
• NEW! -- Pricing Analyst- Electricity and Natural Gas -- Retail Supplier -- New York
• NEW! -- Power & Gas Markets Analyst -- Retail Supplier -- New York
• NEW! -- Supply Advisor -- Retail Supplier -- Houston
|
|
|
|