Commonwealth of Pennsylvania Selects Constellation Energy as Approved Demand Response Service Provider
07 Mars 2012 - 3:00PM
Business Wire
Constellation Energy (NYSE: CEG) today announced that its retail
business has been selected by the Commonwealth of Pennsylvania as
an approved demand response service provider. As an approved demand
response provider, Constellation Energy is pre-qualified to serve
colleges, schools, local governments and state agencies.
Demand response is the reduction of electrical consumption in
response to high wholesale electricity prices, system resource
capacity needs or system reliability events. Program participants
agree to curtail electricity usage during demand response events,
often by a minimum of 100 kilowatts or more, and are paid a monthly
or quarterly dollar amount per kilowatt based on how much electric
load they commit to curtail and successfully deliver.
In Pennsylvania, Constellation Energy offers electricity
curtailment programs through the regional transmission organization
PJM, load-based utility incentives, and its own programs that allow
customers greater flexibility in their level of participation.
“For state and local agencies, demand response can help to
offset rising operating costs and provide additional revenue that
can be allocated to energy efficiency upgrades or other otherwise
unfunded capital programs,” said Louis Hutchinson, Constellation
Energy's senior vice president, Public Sector. “Constellation
Energy is proud to continue to support the Commonwealth of
Pennsylvania in meeting its energy and sustainability goals.”
In 2011, Constellation Energy was selected by Pennsylvania to
provide competitive electricity supply to 185 commonwealth
customers, bringing the total number of public sector accounts that
Constellation Energy serves in Pennsylvania to 5,900. Constellation
Energy has implemented energy efficiency projects for commonwealth
customers including the Pennsylvania Capitol Complex, Department of
Public Works and Penn State.
Constellation Energy currently manages demand response programs
for commercial and industrial customers in the PJM, New England,
New York, ERCOT, California and Ontario regions. The company’s
VirtuWattTM 3.0, which is also available as an iPhone® and iPad®
app, enables customers to better monitor and manage their
electricity use and maximize the financial benefits of demand
response programs through minute-to-minute metering, real-time
pricing information, marketplace bidding capabilities and automated
energy curtailment strategies. VirtuWatt’s open architecture is
compatible with major building management systems. To watch a brief
video about Constellation Energy’s VirtuWatt offering, please click
here.
Governmental customers interested in solutions to manage their
energy costs and meet environmental goals may contact Constellation
Energy at constellationgov@constellation.com or visit
www.constellation.com/government.
About Constellation Energy
Constellation Energy (www.constellation.com) is a leading
competitive supplier of power, natural gas and energy products and
services for homes and businesses across the continental United
States. It owns a diversified fleet of generating units, totaling
approximately 12,000 megawatts of generating capacity, and is a
leading advocate for clean, environmentally sustainable energy
sources, such as solar power and nuclear energy. The company
delivers electricity and natural gas through the Baltimore Gas and
Electric Company (BGE), its regulated utility in Central Maryland.
A FORTUNE 500 company headquartered in Baltimore, Constellation
Energy had revenues of $13.8 billion in 2011.
Constellation Energy (NYSE:CEG)
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