Enel North America, part of the world leader in demand response, is expanding its demand response offering with the integration of Pwrstream, an event-based cost management tool from Arcus Power that provides real-time price forecasting.
Available in many energy markets across the US and Canada, demand response incentivizes large energy users for flexibility, providing payments for reductions in energy consumption during peak demand periods. Enel North America, already one of the largest demand response managers in the US, is now one of the first to integrate price forecasting into its demand response offering.
“Flexible loads and distributed energy resources are no longer just participating in emergency demand response, but they also want to optimize their energy earnings and costs across all opportunities, leveraging the full value stack,” said Molly Jerrard, head of demand response at Enel North America. “Enel serves as a one-stop shop for customers to most effectively manage their flexibility, and the insights driven by the Pwrstream platform offer further optimization by adding in sophisticated load and price forecasting for customers."
Pwrstream provides comprehensive energy data, analytics, and forecasting, enabling participants to reduce energy costs not only through demand response events called by utilities, but also by optimizing their time of use. The tool eliminates the need for multiple data streams, improving the accuracy of energy trading and operations decisions. By anticipating price volatility and coincident peaks, energy users can refine their curtailment strategies to minimize operational risks and maximize net revenues.
Pwrstream is available to Enel demand response customers in select markets.
