29. June 2016 · Comments Off on Record Enrollment in ComEd’s Smart Meter-Enabled Savings Program · Categories: News · Tags: , , ,

When it gets hot this summer, nearly 160,000 ComEd customers enrolled in Peak Time Savings Program can power down to save cash

CHICAGO–(BUSINESS WIRE)–The beginning of June marks the start of summer savings for ComEd customers who signed up for the smart meter-enabled Peak Time Savings program. This year nearly 160,000 ComEd customers are taking advantage of Peak Time Savings – record enrollment since the program began in 2014 – and from June 1 through September 30, program participants who voluntarily reduce energy usage during the Peak Time Savings hours will earn credits that appear in the form of dollars off on their next electric bill.

During the summer of 2016, ComEd will announce Peak Time Savings Hours on days when electricity is most in demand. Peak Time Savings Hours will typically occur for a few hours between 11 a.m. and 7 p.m. on three to five days during the summer. There is no penalty for not participating and customers can still participate in future Peak Time Savings Hours.

More than 52,000 customers saved $385,000 in just a few short hours last summer by reducing their electricity usage during high electric demand periods. ComEd is the first utility in the Midwest to offer this program to customers whose homes have been fitted with a smart meter.

“The Peak Time Savings program is another way our smart meter technology is bringing value to our customers,” said Val Jensen, senior vice president of Customer Operations, ComEd. “Smart meters are at the heart of what we believe will become the electricity network of the future and we will continue to use smart grid technology as a platform to explore innovative solutions to provide customers with reliable electric service and more options on managing their electricity use and costs.”

Source: Record Enrollment in ComEd’s Smart Meter-Enabled Savings Program | Business Wire

29. June 2016 · Comments Off on National Grid adopts IoT-centric approach to energy management · Categories: Blog, News · Tags: ,

National Grid is launching its ConnectedSolutions platform, allowing customers to connect and manage their smart thermostats and other home devices to improve energy savings and comfort while allowing National Grid to alleviate peak load demand.

The energy platform will allow customers in Massachusetts and Rhode Island to conveniently reduce energy use in the summer, when energy demand is high, reducing energy use during periods of peak demand (reducing regional energy costs), protecting the environment by lowering emissions, and supporting state and local energy initiatives.

Source: National Grid adopts IoT-centric approach to energy management – SmartGridNews

22. June 2016 · Comments Off on Energy Providers of Southern California Launch Conservation Initiative · Categories: Blog, News · Tags: , ,

Unveiled last week by the joint coalition of Southern California utilities and CA Public Utilities Commission, the Conserve Energy SoCal initiative seeks to help southern California residents conserve energy, save money, and reduce the risk of shortages of natural gas and electricity.

In addition to educating consumers on energy conservation, participants will also receive alerts on social media and through a mobile application during peak periods. The post below went out on Monday as temperatures in the region soared.

FlexAlert-Tweet

 

09. June 2016 · Comments Off on Duke Energy Microgrid Tests Game-Changing Communications System · Categories: News · Tags: , , , ,

A Duke Energy microgrid test bed is striving to crack one of the biggest challenges facing utilities today: the need to seamlessly integrate distributed resources and allow for real-time communication between the resources and utilities. In North Carolina’s Gaston County, at the Mount Holly test bed, Duke is experimenting with ‘Open Field Message Bus Technology,’ a standards-based system that could reduce the complexity and costs of integrating distributed resources. This could be a game changer for the ind

Source: Duke Energy Microgrid Tests Game-Changing Communications System

17. May 2016 · Comments Off on 5 key IoT technologies to architecture and design tomorrow’s greatest smart cities · Categories: News · Tags: , , , ,

In 2016, 600 million connected things will be added to the already existing 1.1 billion deployed across cities worldwide. Yet, according to Gartner, in 2017 this will surge by nearly one billion topping approximately 2.7 billion connected things.Smart homes are set to take the leadership in terms of the amount of connections with 586 million this year and one billion by 2017. This is followed by smart commercial buildings (2016: 354 million; 2017: 648 million), utilities (304 million; 371 million) and transport (298 million; 371 million).CBR lists five crucial technologies to the existence of smart cities.

Source: 5 key IoT technologies to architecture and design tomorrow’s greatest smart cities – Computer Business Review

31. March 2016 · Comments Off on Smart Grid Optimization Solutions Market in Americas to Grow at a CAGR of 16.1% Till 2019  · Categories: News · Tags: , , , ,

Smart grid optimization solutions have a wide array of advances that give utilities and grid operators to digital control a power delivery network. Although the concept of network optimization is simple, the practice is complex because it involves multiple variables and compensations. Rising demand, lack of predictability of renewable resource generation, volatile energy costs, and the emergence of electric vehicles are the factors that affect network stability. Utilities have to predict and diagnose potential problems and take decisions to provide high-quality and reliable services. Grid Optimization is an umbrella term that refers to improvements in three main areas: – System reliability – Operational Efciency – Asset utilization and protection

Source: Smart Grid Optimization Solutions Market in Americas to Grow at a CAGR of 16.1% Till 2019 – Press Release – Digital Journal

25. January 2016 · Comments Off on The Internet of Things in the electric power industry  · Categories: News · Tags: , , , ,

In 1882, Thomas Edison opened the first commercial central power station in lower Manhattan, serving a one-quarter-square-mile area, and launching urban electrification.1 New companies arose to help develop large regional and then a national electric grid, providing the reliable power needed to unleash waves of innovation. An ever-growing demand for electricity fueled the construction of the largest machine ever built and one of the greatest engineering achievements of the 20th century: the US electric system.2 Today, most Americans take reliable, affordable power for granted, never having known a time without it. But the assumptions and models underpinning that reliable, affordable power are shifting. Historically, utilities have been able to invest heavily in generation and delivery infrastructure because steady growth in demand maintained affordable prices for customers and yielded reasonable returns. However, increased efficiency, conservation efforts, and alternative power sources have eroded demand growth from about 7 percent annually (1949 to 1973) to about 2.5 percent (1974 to 2013);3 the projected growth from now until 2040 is less than 1 percent.4 This level of growth is no longer enough to maintain the current system without raising rates. Yet, tighter emission regulations, greater reliability expectations, and the aging transmission and distribution system require more than maintenance; they need expensive upgrades and replacements. The most straightforward response—raising rates—is not always attractive, as both utilities and their regulators are charged with keeping rates affordable, and higher rates increase the competitiveness of alternatives to utility-provided power.5 The industry, then, must look beyond its traditional cost-of-service model6 and focus on asset utilization and streamlining costs through operating efficiencies. Technology, particularly Internet of Things (IoT) applications, offers a range of possibilities for how electric utilities can move forward. IoT can improve the efficiency and performance of the power grid in three phases: first, by gathering data from sensors to improve the resilience of the grid; then through enablement, where utilities use that data to actively manage resources; and finally, optimization, where all stakeholders are able to make informed decisions about power usage and generation. Through these three phases, IoT offers some indications of how utilities can not only survive, but thrive, in this new competitive environment.

Source: The Internet of Things in the electric power industry | Deloitte University Press

11. December 2015 · Comments Off on Parks Associates: 30% of U.S. broadband households intend to purchase a smart lightbulb by end of year  · Categories: News · Tags: , , , ,

New smart home research from Parks Associates shows 30% of U.S. broadband households intend to purchase a smart lightbulb by end of 2015, while 17% intend to buy a smart kitchen appliance and 14% plan to purchase a smart thermostat. The research firm will discuss strategies for utilities, service providers, and manufacturers to integrate these smart products into their home systems and services at Smart Energy Summit: Engaging the Consumer, February 22-24 in Austin, Texas.

Source: Parks Associates: 30% of U.S. broadband households intend to purchase a smart lightbulb by end of year | HomeToys

01. December 2015 · Comments Off on 5th Energy Storage Virtual Summit 2015 · Categories: News · Tags: , , , ,

Energy storage is the key enabler for extending the penetration of renewable resources into the energy mix. Scenarios include storage for distributed rooftop systems, utility-scale storage for grid regulation and management, and long-term storage of seasonal, intermittent energy resources. Correctly evaluating and deploying storage systems will become increasingly important for utilities of all types as they move to integrate higher percentages of renewable power into their portfolios.

Source: 5th Energy Storage Virtual Summit 2015

24. November 2015 · Comments Off on Energy storage becoming economical choice for utilities · Categories: News · Tags: , , , ,

The rapidly decreasing costs of battery energy storage systems (ESS) are driving a trend in the energy storage industry similar to that seen in solar PV over the last decade.That is according to Navigant Research, who says that the energy storage industry has been evolving at different paces and with a focus on different applications and technologies in countries around the world.

Source: Energy storage becoming economical choice for utilities – SmartGridNews