To ensure reliability, both the System Operator聽(NYISO) and the Load Serving Entity (Utility) need to聽maintain generation and distribution capacity to聽meet their peak demand obligations.聽 These costs are聽passed on to customers via demand-based charges,聽whether assessed as contribution to system聽coincident peak (ICAP tag) or individual monthly non-coincident peak (Demand Charge).聽 In聽ConEd, the聽Commercial System Relief Program (CSRP) aims to聽reduce peak demand at the network level by calling聽on customers to reduce energy use during their聽respective assigned call windows.鈥�
Four energy storage systems were installed in four different commercial buildings in Westchester, New York 鈥� one of the state’s first Virtual Power Plant demonstration projects. The project reduces electricity costs from ICAP and Demand Charges and participates in NYISO and ConEd demand response programs.
By participating in the聽CSRP program, the host earns incremental demand聽response revenue and the utility benefits from聽system relief.聽聽
This project employs a shared-savings model. GHP (owner) and 不良研究所 Power split the utility bill savings and market revenues from the operation of the battery. GHP takes on little to no risk while receiving energy cost savings, and 不良研究所 Power retains a portion of the revenue in exchange for installing, maintaining, and operating the system.
Additionally, GHP gains a revenue stream in addition to the savings achieved with better building demand charge management.
The energy storage system reduces utility costs and provides peak demand relief for the utility.
Con Edison, the electric utility for this site, provides funding for this system to reduce peak demand during certain windows of time through the Demand Management Program. By participating in the program, the project received an incentive from Con Edison, which reduced the total project cost.
Contact us about your project needs, or if you have a question about your current energy storage asset optimization.
鈥淲e have been extremely impressed with 不良研究所 Power鈥檚 capabilities and the simplicity of the overall process. We are very excited to be one of the early adopters of energy storage in New York.鈥�