What is peak load management? Peak load management is the process of reducing demand for electricity during peak hours, which can result in significant cost savings. Why should I care about peak load management? The higher your peak load contribution,…Read full post
Peak Load Management
Peak load management should be a strategy adopted by all C&I facilities, regardless of budget. Meaningful results can be achieved with low-cost/no-cost strategies. To effectively manage your peak load, you need the information the utilities won’t tell you - when peak load hours are going to occur. With a predictive analytics platform, like WatchWire, you will be alerted when peak load hours are likely to occur so you are prepared to act out your peak load management plan and reduce your load while saving your company money.
Key Product Features
Peak Load Dashboard
In territories with capacity charges such as PJM, NYISO, and ISONE, up to 40% of your supply rate is determined by your one or five peak-hour contribution(s). WatchWire notifies you when the grid is expected to peak (based on our integrations with load forecasts from each ISO, combined with proprietary analyses), sending email notifications so you can take appropriate actions to curtail demand and save money.
Peak Load Analytics
In addition to the graph summarizing the peak load values for NYISO, ISO-NE, and PJM, WatchWire provides further detail on the usage predictions for the week ahead compared to the YTD max peak load by percentage.
Measurement & Verification
With WatchWire’s measurement and verification module, you are able to analyze the performance of capital or operational adjustments made to manage your peak load demand.
Procurement Performance Analysis
WatchWire provides procurement consulting to ensure you're taking full advantage of your peak load reductions when
managing your RFP for electricity supply.
When tackling energy management, it is not only imperative to focus on how much energy is used, but also when it is being used, as this can affect your peak load contribution. Electricity grid consumers are billed for both the…Read full post
Peak load is a period of time when electrical power is needed a sustained period based on demand. Also known as peak demand or peak load contribution, it is typically a shorter period when electricity is in high demand. Related…Read full post
In many parts of the world today people expect electricity to be always available. Yet making electricity available on demand can be challenging to suppliers. One way they account for this is with capacity pricing. Your monthly capacity payments are determined…Read full post
When tackling energy management, it is not only imperative to focus on how much energy is used, but also when it is being used, as this can affect your peak load contribution. These peak load charges can represent over 30%…Read full resource
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