Promote Cost Savings and Grid Stability with Enersponse’s Price Response™
Municipal utilities and rural electric cooperatives are navigating mounting challenges as rising wholesale energy prices intersect with the urgent need for grid modernization and increasing load growth from local businesses, new manufacturing, and data centers. Achieving a balance between affordability, reliability, and sustainability necessitates innovative solutions that optimize energy usage while maintaining seamless operations.
Enersponse’s Price Response™ program addresses these challenges head-on with a turnkey platform that optimizes energy consumption in real time during price spikes. By automating load adjustments, utilities can:
Achieve measurable cost savings for both themselves and their members.
Ensure grid stability during critical demand events.
Strengthen community ties by delivering operational and financial benefits to regional businesses and organizations.
What is Price Response and How Does it Work?
Energy price volatility poses a significant challenge for municipal utilities, rural electric cooperatives and businesses, particularly for those leveraging wholesale index pricing to save on energy costs. While this approach offers year-round savings compared to fixed contracts, it exposes users to sharp price spikes during periods of grid strain caused by extreme weather or peak demand.
Price Response mitigates these risks by dynamically managing energy use. The Enersponse DERMS platform monitors real-time and day-ahead market conditions, enabling utilities and customers to set automated triggers that reduce consumption when rates surpass pre-determined thresholds. Real-time triggers are also available for sites that integrate dispatch automation with Enersponse. This protects budgets, reduces grid strain, and ensures operational continuity without manual intervention.
Set Smart Triggers: Utilities can establish price thresholds to act as guardrails for energy usage. Price Response seamlessly adjusts connected systems like HVAC or industrial controls to reduce consumption when prices spike. For example, a utility in Texas could set a $200/MWh trigger, automatically curtailing non-essential processes during high-demand events—avoiding costly energy exposure.
Tailor Your Response: Flexibility is key. Utilities can define:
Event Frequency: Adjust how often load reductions occur, from rare instances to frequent, market-driven actions.
Event Duration: Customize the length of each curtailment, ensuring a customer’s operational needs remain unaffected.
Curtailment Levels: Scale responses based on price fluctuations, offering minor adjustments for moderate spikes and broader changes for severe volatility.
This customization ensures utilities can strike the right balance between cost efficiency and reliability.
Automate Cost Savings: Price Response eliminates the need for constant monitoring by automating actions that shield utilities from volatile market conditions. This allows teams to focus on long-term strategies while benefiting from immediate cost savings.
Build Customer Trust: For end users, the program minimizes costs while maintaining a reliable energy supply. This creates a win-win scenario, enhancing customer relationships and positioning utilities as proactive partners in energy management.
The Strategic Value of Price Response™ for Utilities
Price Response transforms energy management from a reactive process into a proactive strategy, ensuring that utilities deliver cost-effective, reliable energy without sacrificing quality or satisfaction. Benefits include:
Budget Protection: Acts as insurance and shields budgets from market volatility, creating opportunities to reinvest savings into infrastructure upgrades, grid modernization, and clean energy programs.
Grid Reliability: Dynamic load management reduces strain during peak periods, extending infrastructure life and improving resilience.
Community Impact: Delivering cost savings and sustainable practices reinforces trust and strengthens local partnerships.
Real-World Impact of Price Response
A property management company operating 100 sites partnered with Enersponse and achieved the following:
Potential Savings: Over $1 million in a single year.
Energy Bill Reduction: 3%-5% on every energy bill.
Operational Impact: Less than 40 hours of Price Response events annually.
By automating energy reductions during price spikes, the company avoided costly grid stress while maintaining smooth day-to-day operations—showcasing the program’s effectiveness for organizations of all sizes.
Get Started Today; or Discover More at NRECA Tech Advantage
Enersponse’s Price Response™ program makes it easier than ever to reduce costs, improve grid reliability, and support a sustainable energy future—without adding complexity to your operations. If you’re attending the NRECA TechAdvantage Conference from March 9-12, please visit Enersponse to see the platform in action, explore real-world success stories and connect with our experts to discuss tailored solutions for your utility’s unique needs.
Learn more at www.enersponse.com and take the first step toward smarter, more efficient energy management.