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Energy Buy-Back

 

PMI-Pool
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
Get More Information
phone
(800) 714-7777 ext. 7700

 

   
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