News for 'ECNG' - (EnergyConnect Transforms Demand Response with New GridConnect Integrated Platform GridConnect Enhances Grid Reliability and Empowers Customers with Real-Time Energy Information and Market Access)
SAN JOSE, Calif., Aug 05, 2010 (BUSINESS WIRE) -- EnergyConnect Group Inc.
(OTCBB: ECNG), a leading provider of smart grid demand response technologies,
launched GridConnect(TM), an integrated software platform that enables
participation in the next generation of demand response programs. GridConnect
provides commercial, institutional and industrial consumers with real-time
energy information and empowers them to meet their energy needs through an
optimal mix of demand response strategies.
"Demand response is an important participant in PJM Interconnection's
competitive wholesale electricity market," said Stu Bresler, PJM's Vice
President -- Market Operations and Demand Response. "Our market provides
real-time price signals about grid congestion and the locational cost and need
for power. Demand response providers, such as EnergyConnect, enable end-use
customers to readily receive and respond to our price signals so they can manage
their costs effectively and influence wholesale power prices by reducing demand
while improving grid reliability."
GridConnect, a secure web-based integrated platform, provides 24/7 access to
EnergyConnect's proven products, including the award-winning FlexConnect(TM)
price-responsive demand technology. The unique and intuitive user interface
enables consumers to go beyond traditional dispatchable capacity programs,
providing access to price-response and ancillary service market opportunities
throughout the year.
"When I log in to GridConnect, the new dashboard offers a complete snapshot of
contextual information about our energy use and demand response opportunities,"
said Paul Nowicki, Manager of Facilities and Manufacturing Engineering, Knoll
Inc. "Through a single web link we can now monitor performance in dispatchable
demand response events as well as optimize participation in the price-response
demand markets, thereby reducing our costs and increasing our overall
contribution to grid reliability."
Traditional demand response programs are estimated to reduce peak demand by 38
gigawatts (GW), according to a 2009 report from the Federal Energy Regulatory
Commission (FERC). However, if this "business as usual" approach is expanded to
include a wider adoption of advanced metering, dynamic pricing and integrated
technologies, FERC estimates the demand response market could increase by more
than 100GW by 2019.
"Demand response is an integral part of a smarter grid and an absolute necessity
during periods of peak demand. To achieve its full potential, energy consumption
and the impact of electricity prices must be presented in the context of a
customer's business," said Kevin Evans, EnergyConnect President and CEO.
"GridConnect sets a new standard in integrated demand response technology, by
providing customers with real-time energy information and market access to
inform and motivate them to manage their demand, save money and contribute to a
sustainable future."
Harleyman
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