OnDemand WTP Pricing Research

Energate Collaborates With PowerStream in a Customer Opt-In Dynamic Pricing Project Supported by the Ministry of Energy | GlobeNewswire

The objective of this $3.5 million project is to introduce an optional dynamic pricing program in which the daily on-peak price will vary in response to expected demand. Participants will be given the opportunity to shift their demand away from the on-peak, and more expensive periods, to lower-demand periods. This shifting will reduce strain on the electricity grid while helping customers save money. Also, critical peak prices will be called at any time to assist with system emergencies. By providing consumers with the ability to manage their energy consumption from anywhere at anytime, this project will create a strong market pull as participants will enjoy an overall savings on their electricity usage and will receive a refund at the end of the year. The project guarantees to be risk free for participants.

Energate’s Demand Response and Home Energy Management Platforms form a made-in-Ontario solution that can be deployed to achieve the objectives of the Customer Opt-in Dynamic Pricing Project. The Energate Foundation™ Smart Thermostat and Home Energy Gateway has a conservation setting feature that allows participants to determine how their HVAC system reacts to price changes and the Foundation together with the mobile app provide customers with ongoing awareness of energy prices. These solutions provide Ontario LDCs the ability to use price more effectively to manage demand. The experience gained during this project will benefit other LDCs future efforts to implement these creative and cost-effective dynamic pricing programs.

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Energate Collaborates With PowerStream in a Customer Opt-In Dynamic Pricing Project Supported by the Ministry of Energy.