One of only four non-utility companies to receive funding, Honeywell will use the grant to support a critical peak pricing response program that will help commercial and industrial facilities in the Southern California Edison (SCE) service territory automatically implement energy management strategies to reduce costs and improve efficiency.
The Pacific Gas and Electric Company (PG&E) Critical Peak Pricing (CPP) program follows the first model with a utility directive to shed load on a limited number of peak days, and customers see increased electric rates during the peak event time interval.
Critical peak pricing reaches out to the consumer and allows them to see the real-time price of electricity, and determine what adjustments to make now to how and when they consume energy.
It s well-demonstrated that the new meter benefits outweigh the costs, he added, noting that the utility will see operational savings and savings on power procurement costs made possible by the smart meter programs including demand response programs such as critical peak pricing, which allows short-term electricity prices to move higher during peak energy periods and allows customers to shift energy usage away from peak demand times.
Despite significant demand reductions, these strategies provided minimal cost savings through a critical peak pricing program with incentives that are based on super peak energy rates.
The programs will enable policymakers in the District to compare results for peak time rebate, critical peak pricing, and hourly pricing over the same customer population.
OpenWay by Itron will provide a number of capabilities designed to meet the most rigorous of AMI business cases including: two-way communications to each meter; scalability to greater than 10 million meters; multiple-channel interval data collection; on-demand reads; demand reset; a remote load-limiting disconnect/reconnect switch; critical peak pricing and time-of-use rate updates (available on the display); mass market demand response capability; net metering for dynamic pricing environments; advanced outage detection and restoration notification; tamper and theft detection; remote device configuration and firmware updates; and local connectivity to gas and water meters, as well as in-home devices via a Zigbee radio chip that comes standard in all OpenWay CENTRON electricity meters.
Since its original founding in 1985, Trilliant has been a leading innovator in the delivery and implementation of energy management systems, including advanced utility wireless data collection for residential and commercial customers, demand response, time-of-use billing, and critical peak pricing initiatives.
