Comverge to Provide Tampa Electric Company Price Response System Under Multi Year Agreement
Comverge, Inc. (NASDAQ:COMV), clean capacity provider through demand response and energy efficiency, announced today they have entered into a multi-year agreement with Tampa Electric Company to expand the Energy Planner program using Comverge's Maingate Home system.
Incorporating two way communication technology for demand response and automated meter reading capabilities, the Maingate Home system is designed to provide electric utilities with an automated solution for demand response by enabling price response - a method of demand response in which customers choose their level of control based on energy pricing from the electric utility. This automated energy management system allows end customers to program, via a programmable thermostat and the Internet, the behavior of their central heating and cooling system, electric water heater and/or pool pump against energy price information that varies during the course of the day and seasonally.
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