San Diego, CA, U.S.A. --- (METERING.COM) --- November 12, 2007 – Hard on the heels of the aggregator agreements signed with Pacific Gas and Electric Company in late October for its Base Interruptible Program and Capacity Bidding Program, BluePoint Energy has announced the signing of a Third-Party Marketer agreement for the Base Interruptible Program (BIP) offered by San Diego Gas and Electric Company (SDG&E).
SDG&E is a regulated public utility serving 3.4 million consumers through 1.4 million electric meters and more than 830,000 natural gas meters. This agreement marks the latest of several national development agreements and energy partnerships for demand response initiatives, establishing BluePoint as a major solution provider in the demand response market.
SDG&E's BIP is a program that pays customers to reduce electricity consumption to a pre-determined level during a curtailment event called by California Independent System Operator (CAISO) or a local utility emergency. As a Third-Party Marketer in SDG&E's BIP, BluePoint is authorized to aggregate SDG&E non-residential customers who can commit to reduce electric load by 15% of their monthly average peak demand or a minimum of 100 kilowatts (kW). In exchange for these services, BluePoint will receive a monthly payment from SDG&E.
Guy A. Archbold, Chief Executive Officer of BluePoint Energy, commented: "We are enormously enthusiastic about our initial accomplishments so soon after our entry into the demand response market. With the addition of San Diego Gas & Electric Company, we now have aggregator agreements with California utilities covering approximately 125,000 square miles, or 80% of the state's geographic area, which represents approximately 83% of California's population.
"This most recent agreement with San Diego Gas & Electric Company marks another milestone in BluePoint Energy's continuing efforts to develop clean, reliable and environmentally responsible solutions to meet today's critical energy demands needs. Our Demand Response Asset Aggregation Program (D-RAAP™) solution creates "virtual power plants" by providing centralized communication and dispatch control for a technological network of generation assets and building management systems, managed by our proprietary, Internet-based GenViewTM microprocessor control technology. Our D-RAAP™ solution offers utilities and their customers a unique approach to meeting the utility markets demand side fulfillment needs while providing significant benefits not currently available to customers enrolled in demand response programs utilizing curtailment alternatives that have historically shown low adoption and retention rates."
Archbold said that the company anticipates additional agreements with domestic and international utilities, independent system operators and large scale commercial and industrial customers representing multiple vertical markets, thanks to its 100% success rate in securing aggregator status with all of the utilities with whom it has concluded negotiations.