Buffalo, NY, U.S.A. --- (METERING.COM) --- February 7, 2008 – Energy Curtailment Specialists, Inc. (ECS), the largest demand response company in New York's markets, expects to pay out more than $18 million during the upcoming summer period to customers participating in its Operation Save New York Demand Response Program.
Throughout New York, and across the United States, several thousand large electricity users receive payments for participating in demand response programs. Operation Save New York is the single largest such program and is focused on New York State businesses.
ECS' aggregate customer pool across all of its markets represents an amount of electricity brought off line equivalent to powering over 800,000 homes. Over the past six years, ECS has paid its program members more than $50 million for their participation in the various demand response programs. The anticipated funding for summer 2008 is based on ECS' ramping up of the program, as well as its bringing available New York State Energy Research and Development Authority (NYSERDA incentives into play for its customers and those joining the program. These NYSERDA incentives are not included in the $18 million projected payout figure.
"We encourage businesses to get involved now so they can generate the most revenue," said Glen Smith, co-founder, president, and chief executive officer of ECS. "Whatever the facility type, if they are paying at least a few thousand dollars per month on electricity they probably qualify for our program."
Demand response programs provide reliability to the electric grid by paying large electricity users for their agreement to conserve use in the event of a shortage. These programs are an effective solution to the periodic grid reliability issues faced across the nation by lowering demand rather than increasing supply. It is also an alternative to building a peaking power plant that would be needed for only a few days when supply is limited.