A: Under the Peak Savings Program, participating business customers identify electrical peak load that can be reduced during critical peak demand periods—typically the hottest summer days. This eases the burden on the electrical grid and helps us manage high demand periods while eliminating or delaying the need to build more power plants.
A: Our commercial and industrial customers with an electric demand of 50 kW or more that can reduce their electrical load by a minimum of 25 kW or 20% of their peak load (whichever is lower). Commercial and industrial customers need to enroll in the Peak Savings Program to participate.
A: Participating customers can earn a financial incentive for their participation based on the amount of load reduction achieved. Additionally, customers are offered a free facility walkthrough to assist with identification of peak load reduction (kW) opportunities during called events.
A: The program launched in May of 2021 and will run through the annual program season (June through October). The program is scheduled to run through December 31, 2024 with potential renewals thereafter.
A:
- Contact the Program Team or your Account Manager for an introductory call and/or facility walkthrough with a designated energy advisor.
- Determine the peak load reduction strategies at your facility that allow for convenient participation in the program.
- Review the opportunities identified with the energy advisor and discuss kW reduction goals for the enrollment application.
- Complete the application and participate in a test event to practice your peak savings strategy and confirm your committed peak load reduction.
- Respond to future events to earn your incentive each year.
A: Yes, you can enroll at any time. However, you will only be credited for participation after completing a test event and committing to a reasonable kW reduction goal with the enrollment application. The annual incentive will be prorated.
A: The committed peak load reduction is estimated based on the peak saving opportunities available at your facility. A test event can be held to confirm the kW reduction possible using your peak savings strategy in practice. If you enroll outside of the program season, the peak load reduction will be estimated by our energy advisors and used for your initial enrollment goal. A test event will be run at the start of the next season to confirm or update your committed peak load reduction goal.
A: You are ultimately responsible for deciding which strategies you would like to implement during a Peak Savings event. However, our energy advisors can help you brainstorm and identify opportunities with a free site visit and assessment.
A: Our team can assist with estimating a theoretical kW reduction goal you can comfortably aim for without impacting your operations. We can also hold a test event to confirm the kW reduction in practice. While strategies vary by facility type, common ways to reduce kW usage include:
- Pre-cooling & control sequencing for HVAC systems
- Setting kW thresholds during events for individual equipment through your EMS
- Reducing lighting in non-key areas
- Staggering equipment startup / operating times
- Discontinuing operation on a specific process
- Delaying battery charging
- Compressor cycling
A: Yes, committed peak load reductions may increase or decrease – contact us to discuss your situation or the additional opportunities you have identified to initiate a revision to your commitment.
A: Great, we encourage you to find additional ways to reduce peak load, but you will only be provided an incentive for the value of your commitment. We may revisit your committed peak load reduction with you to ensure that you are getting fully rewarded for the value of your commitment.
A: Notifications may be received by email, text, and/or phone call directed to one or more individuals at your organization. During enrollment, you will identify these preferences on your Enrollment Agreement. Once you are enrolled you will be responsible for managing these settings.
A: Annually, no more than 15 events may be called, each lasting no longer than two or four hours (depending on your enrollment). There will also be an annual test event outside of the 15 called events each season.
A: With the Peak Savings Program, an annual incentive of $50 per kW (for four-hour program participants) or $25 per kW (for two-hour program participants) is earned when you achieve expected performance during all events.
A: The Peak Savings Program uses your actual interval meter data to determine your baseline load profile and your actual demand usage during events. Your baseline will be determined considering the 5 highest matching days of the last 10 eligible days (weekends, legal holidays, and previous event days are not eligible). Your calculated baseline will be adjusted so the baseline aligns with the actual day-of-event electric usage profile. This adjusts for weather, production, or other potential factors impacting your peak load.
A: The earned incentive for the program will be available by check within 60 days after each program season concludes.
A: For planning purposes, we request that when receiving your event notification, you follow the directions in the notification to “Opt-Out.”
A: We will reach out to the customer to potentially update the kW reduction commitment goals or revise their peak saving strategy. We can also discuss the impact of underperformance on the annual incentive provided.
A: We can help you identify a level that you can achieve and help you adjust your committed peak load reduction.
A: Please contact us to update your account. If your committed peak load reduction is too high for you to continue participation, we can work with you to adjust your commitment. Your annual incentive will be prorated based on the number of events that you did participate in.
A: Partners that wish to participate by manually controlling equipment during an event to achieve peak load reduction do not need any additional equipment or metering installed.
A: No. All data used for peak load reduction determination will be based on Glendale Water and Power meter data. No additional metering or other costs are required. All peak load reduction strategies are the responsibility of the participant.
A: Many strategies will be no-cost or low-cost strategies that are easily implemented during an event. More advanced strategies may include system updates, new equipment, or capital improvements. All demand reduction strategies are the responsibility of the participant.
A: Call the Program Team at 844.323.9083 or your Account Manager. You can also reach us by email at gwppeaksavings@franklinenergy.com
A: No, the program is designed to achieve load reduction rather than replace with additional generation.
A: If you need to opt-out mid-way through an event, you should contact the Program Team at 844.323.9083 to let us know. This helps us understand changes to your performance results and improves our ability to observe your performance.