Enel expands demand response portfolio in New England
Enel's virtual power plant in New England will increase by 50 percent year-over-year
The Enel Group's new advanced energy services division Enel X, through its US demand response services company EnerNOC, Inc., won market commitments to deliver 157 MW of demand response resources in the forward capacity market by the independent system operator for New England (ISO-NE). With this award, Enel also enters the demand response market of US states Connecticut and Vermont.
As a result, Enel's virtual power plant in New England will increase by 50 percent year-over-year, reaching 157 MW for the 2021/2022 delivery period, from the previously secured 101 MW for the 2020/2021 period.
"Through this award we are delivering on our growth strategy in the advanced energy solution sector, while also expanding our geographical footprint and strengthening our lead in the US demand response market," said Francesco Venturini, Head of Enel X. "With this additional capacity we will be able to deliver predictable revenues for our commercial and industrial customers, while also helping ensure the reliability of the New England power grid."
Under the New England demand response program and through the award, Enel X will manage the electricity demand of large commercial and industrial (C&I) customers connected to the regional power grid, informing those customers when the system needs them to reduce their power consumption to help increase grid stability. C&I customers that join Enel X's demand response network are paid for their flexibility, which provides a valuable resource to help ensure a steady, reliable source of power for all consumers in the region.
Enel X is present in the US through EnerNOC which operates demand response program in all major US wholesale energy markets and is the country's demand response market leader with approximately 3,900 MW of dispatchable capacity in North America at the end of 2017.