Braintree Electric Light Department and Pascoag Utility District Act to Reduce Peak Demand Cost Risk
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ICAP and Transmission Costs Managed via ENE Tangent Peak Management Program
Energy New England, LLC (ENE), an energy cooperative of municipal electric utilities operating throughout New England, announced that several municipal utilities are implementing the ENE Tangent Peak Management Program to reduce capacity and transmission costs.
Braintree Electric Light Department of Massachusetts and Pascoag Utility District of Rhode Island, both ENE customers, are now rolling out the program in preparation of capacity peaks this summer. The annual capacity load peak of 2015 defines the utility capacity cost in 2016‐2017. In addition, monthly transmission peaks affect the utility’s monthly transmission costs.
Capacity and transmission rates are forecasted to steadily increase through 2019, with the first of several larger rate increases taking effect based on peak loads this summer. Hence, ENE’s municipal utility customers are taking action now to minimize the cost risk for their customers.
The ENE Tangent Peak Management Program is a full, turnkey service consisting of comprehensive software, proven equipment, and ongoing support that enables and motivates utility customers to reduce their load during peak hours. The Peak Management Program consists of Tangent’s Distributed Energy Resource Management System (DERMS), named Tangent AMP™, a technology software platform that monitors grid and facility conditions to accurately predict ICAP and transmission peak hours, and alerts customers to take action.
Given that utilities run a lean staff, Tangent Energy Solutions, Inc., an ENE partner, does the heavy lifting to educate and equip the utility customers to take appropriate action during peak hours. The program is designed to work through the utility and not around the utility.
"ENE and their municipal utility clients are taking action now to reduce capacity and transmission cost risk in upcoming years," said John G. Tzimorangas, ENE President and CEO. "This is another example of ENE municipal utilities being proactive to fulfil their charter of providing reliable, low cost power to all of their customers."
About Energy New England, LLC.
Energy New England, LLC (www.energynewengland.com) is a leading provider of wholesale and retail energy services. The company conducts more than $300M in structured transactions annually, and has also grown to become the leading provider of conservation and efficiency services for the public power community in the region. The company’s customer base has grown exponentially over the past few years. Its comprehensive portfolio includes power supply and risk management services, energy and water conservation services, energy brokering, and renewable energy solutions. Energy New England has customers situated throughout New England as well as other power pools. The company works with an increasing number of utilities, independent power producers, industrial, commercial and institutional facilities, municipalities and non‐profits.
About Tangent Energy Solutions, Inc.
Tangent Energy Solutions is a Distributed Energy Resources (DER) company. Our Distributed Energy Resource Management System (DERMS), Tangent AMP™, actively manages behind‐the‐meter supply and demand in order to maximize economic opportunities for C&I energy customers, while minimizing disruption to normal operations. By uniquely building out a DER solution from the customer side of the meter, and monetizing it through exclusive relationships with leading Load Serving Entities (LSEs), and Municipal Electric Utilities, Tangent motivates and empowers customers to become price makers on the energy grid while offering the industry plug‐and‐play access to customers that competitors cannot match.
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