EnerNOC, Inc. (Nasdaq:ENOC), a developer and provider of intelligent energy solutions, announced that it has signed a partnership agreement with Green Mountain Power, an electric utility that transmits, distributes, and sells electricity in the State of Vermont in a service territory with approximately one quarter of Vermont’s population.
Under the terms of the partnership, customers currently enrolled in Green Mountain Power’s demand response program will be rolled into EnerNOC’s demand response network. In addition, Green Mountain Power and EnerNOC will work together to actively recruit additional commercial, institutional, and industrial customers into the program.
Green Mountain Power said it selected EnerNOC as its preferred demand response partner in order to maximize its customers’ revenue opportunities and ensure that they receive the highest levels of service and support.
Demand response is a program where customers reduce their electric usage when prices and demand peaks. The program is available to customers who can quickly reduce at least 100 kilowatts of electric usage when notified of demand spike. By lowering energy usage, customers help decrease demand on the system, which saves costs for all customers in the region. Demand response programs offer these customers a financial incentive in exchange for their participation.
"We’re very excited to work with Green Mountain Power and its customers," said Gregg Dixon, Senior Vice President of Sales and Business Development at EnerNOC. "EnerNOC’s extensive experience working with businesses throughout New England–including those in industries that are the lifeblood of the Vermont economy, such as lumber, food-processing, and hospitality–enables us to develop customized energy reduction strategies, deliver reliable demand response results, and provide an overall increase in energy awareness for end-use customers."
EnerNOC uses its Network Operations Center 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.
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