
Overview
This program allows a customer, marketer or agent to combine smaller electric loads so a group can participate in a program with the same features as Power Market Incentives (PMI).
The pool operator (customer, marketer or agent) manages the participating sites. The pool operator is paid a market-based premium for the pool's voluntary electric load reduction when wholesale spot market prices spike.
How It Works
Under a special contract, the pool operator agrees to reduce your electric load for a mutually agreeable price, with these conditions:
- Energy buy-back offers can be made at any time during the year.
- A minimum commitment of 500 kilowatts (kW) per PMI-Pool contract (100 kW for each account) is required. The pool operator decides on a case-by-case basis how much load to drop.
- Must have Internet access and an e-mail addressable pager, cell phone or dedicated pager.
Example
If you enroll 500 kW at a bid price of $1/kwh and participate for 8 hours during a buy-back period, the pool credit will be:
500 kW x $1/kWh x 8 hours = $4,000
Penalties apply only if the pool does not honor the kW reduction promised.
Eligibility
A pool operator can organize an electric supply pool. Customers in the pool may be:
- Primary Firm
- Curtailable
- Energy Cooperative
- Interruptible
- General Secondary Demand
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