Your electricity bill is broken into two components:
Demand & Usage
Your monthly electric profile looks something like the graph below.
Demand is the peak kW draw of your facility.
Usage is the total amount of electricity used.
Reducing your usage and demand can help reduce your overall electricity bill.
Viridi can help you do this!
Peak Load Capacity Management
Did you know?
Every year you set a Peak Load Capacity or “PLC” for your building based on how much power you used during 5 separate hours in the summer?
These 5 hours typically happen in the hottest months when there is high demand for power. How much you pay on your electric bill is based in part on how big your PLC is. Viridi’s PLC Management Program can help you reduce these costs by reducing your usage during these 5 hours, thus reducing your PLC and the amount you pay for it.
Interested in learning more?
Your regional electricity grid (PJM) will pay you for reducing your electricity usage during times that the grid is short on power. This usually occurs when there is a natural weather disaster or during test events.
There are two primary ways in which companies pay for demand (kW) on their electricity bills:
Transmission and Distribution (Peak Demand)
Supply – Capacity Component (Coincident Peaks and PLC)
Demand Response is a program that pays companies back for capacity for curtailing demand during the time(s) the grid is short on power. They do this when they need to meet the capacity needs of the grid. The grid operator, PJM, runs capacity auctions that sets the price for capacity for annual periods that run from June to May of each year. Payments for curtailment will be equivalent to the current market price for electric at the time of the test or emergency event.
Viridi will help you contract with Curtailment Service Provider and relationship management.