Burlington Electric hires EnerNOC to run demand response program

first_imgEnerNOC Signs Contract with Burlington Electric DepartmentDemand Response Program Provides Pricing Stability for Vermont RatepayersBOSTON, MA, July 1, 2008 – EnerNOC, Inc. (NASDAQ: ENOC), a leading developer and provider of clean and intelligent energy solutions, today announced that it has signed a contract with Burlington Electric Department to deliver up to 10 megawatts of demand response capacity. This capacity will help provide wholesale electricity market pricing stability that will benefit all Burlington ratepayers.EnerNOC currently has a network of commercial, institutional, and industrial sites throughout the Burlington area that provides reliability-based demand response to the Independent System Operator of New England. This new contract is a bilateral agreement directly with Burlington Electric Department to provide a supplemental, economic-based resource that Burlington Electric Department will dispatch during periods of peak demand when electricity on the wholesale market is most expensive.”We’ve seen first hand how valuable a resource demand response is in our service territory,” said Ken Nolan, Director of Resource Planning, Burlington Electric Department. “We’re looking forward to further leveraging this important, clean resource to help mitigate spikes in wholesale prices and ensure our ratepayers have access to affordable electricity.””We believe that our established footprint in Vermont enables us to quickly provide Burlington Electric Department this valuable resource and drive multiple revenue streams from our existing installed base of megawatts under management. Burlington customers that are already enrolled in our national demand response network will have another opportunity to earn incremental payments, ratepayers throughout the region will benefit from pricing stability, and Burlington Electric Department will benefit by being able to avoid buying power on the wholesale market during times of peak demand,” said Tim Healy, chairman and CEO of EnerNOC. “We believe that economic demand response opportunities like this one represent a win-win-win situation.”The contract term extends through December 2012 and is not subject to regulatory approval.For more information about joining EnerNOC’s demand response program, email [email protected](link sends e-mail).About EnerNOCEnerNOC, Inc. is a leading developer and provider of clean and intelligent energy solutions to commercial, institutional, and industrial customers, as well as electric power grid operators and utilities. EnerNOC’s technology-enabled demand response and energy management solutions help optimize the balance of electric supply and demand. The Company uses its Network Operations Center, or NOC, to remotely manage and reduce electricity consumption across a network of commercial, institutional, and industrial customer sites and make demand response capacity and energy available to grid operators and utilities on demand. For more information visit www.enernoc.com(link is external).last_img

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