New York, NY, U.S.A. --- (METERING.COM) --- February 19, 2008 – Hess Corporation has announced the launch of the Hess Demand Response program to commercial and industrial customers, who receive a monthly payment from Hess's Energy Marketing division if they commit to reducing electricity usage during times of peak demand, when the grid is under stress.
The Hess Demand Response program includes in-depth energy audits, installation of metering equipment and access to an online energy monitoring system known as the Hess PowerPort platform. There are no out-of-pocket costs for customers to receive these services. Regional power pools provide financial incentives to demand response providers for reducing their energy consumption during peak usage periods, and the Hess Demand Response program is being launched following a one-year pilot program in 2007.
"We're launching Hess Demand Response as a value-added service for a growing number of customers looking for new ways to save money and manage their energy usage more effectively," said Gene Kutcher, Hess Energy Marketing vice president of sales and marketing. "Demand response is a way businesses can generate recurring revenue and at the same time help improve the reliability of the power grid."
Hess Demand Response customers receive real-time usage data to make more informed energy decisions and identify energy-savings opportunities in their facilities. Hess engineers work with customers to develop comprehensive energy curtailment plans in the event a utility company requests a short-term reduction in energy consumption. In such events, customers receive an additional payment from Hess.
Hess will initially market the program to customers in three markets: the Eastern Pennsylvania-Jersey-Maryland (PJM) Regional Transmission Organization (RTO), the New York Independent System Operator (ISO) and the New England ISO.