Promenade Mall saves $944,000 with pTrack®, Demand Response and the NWA Pilot
Home to nearly 130 stores and businesses spanning 879,000 square feet. Promenade Mall spent well over $4 million annually on electricity bills. Edgecom Energy helped Promenade Mall reduce costs through the ICI programs and create a new revenue stream with Demand Response.
Products Used
- pTrack®
- Demand Response
Industry
Retail
How We've Helped
First Year Savings as a Class A Customer
Savings through ICI Peak Management
Demand Response Revenue
Challenge
Solution
With Edgecom Energy’s help, Promenade Mall transitioned from Class B to Class A, saving an estimated $476K plus within a year. Promenade Mall saved an additional $359K the following year by actively curtailing their energy usage. Promenade Mall was also able to capitalize off its energy flexibility and generate $29K from DR participation. Through Edgecom Energy, Promenade was able to participate in Alectra’s Non Wires Alternatives (NWA) Pilot Program and generated an additional $80K split between availability and activation payments. This pilot demonstrated the benefits of NWA and should drive the implementation of a full-time NWA program that many large industrial and commercial consumers will undoubtedly participate in. Looking into the future, a potential savings of $2.2 million was identified if they also decided to install a battery system.
Key Programs
Industrial Conservation Initiative (ICI)
Demand Response
Demand Response (DR) is a program the IESO runs to help manage the electricity grid by paying consumers who collaborate with the IESO to reduce or shift their load when needed instead of building more generation capacity
Non Wires Alternatives (NWA)
Non Wires Alternatives (NWA) pilot program is a localized form of DR run by Alectra to secure energy and capacity from Distributed Energy Resources (DER).
Results
Yearly Savings and Earnings
- $476,600
- $359,000
- $29,000
- $80,000
- $944,000
About Us
At Edgecom Energy, we empower large energy consumers to take control of their energy costs and reduce emissions by harnessing the power of IoT and AI solutions. Our innovative technology helps you optimize energy usage, save money, and contribute to a greener, more sustainable future.
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