This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Constellation Announces First Integrated Competitive Electricity Supply And Load Response Offering

Constellation, a business unit of Exelon, today announced the launch of Constellation Peak Response, a program which allows Constellation commercial and industrial (C&I) electricity supply customers to reduce future capacity and transmission costs by lowering electricity consumption during the hours of peak demand.

Capacity and transmission charges vary by region and typically account for 20 percent to 30 percent of a C&I customer’s overall electricity bill. Capacity charges ensure that there is an adequate excess supply of electricity to meet the highest levels of grid demand, while transmission charges cover the cost of transmitting energy over the grid from a generating facility to local utility distribution facilities. In most regions, these charges are based on several hours each year when the grid is at its highest level of demand.

Constellation Peak Response leverages the company’s wholesale market expertise to predict the peak grid hours and sends day-ahead and day-of notifications, alerting customers to reduce electricity consumption. The benefit to customers is realized the following year when the regional grid operators and local utilities determine the customer’s share of capacity and transmission charges based on electricity consumed during peak grid hours.

Participation in the Constellation Peak Response program is voluntary and, unlike traditional load response programs, there is no penalty for failure to comply when a load response event occurs, providing a low -risk opportunity for customers to save on their overall electricity costs.

“We are continually looking for new ways to provide a more comprehensive energy portfolio management strategy for our customers,” said Gary Fromer, senior vice president, energy management programs, for Constellation. “With Constellation Peak Response, customers now have the opportunity to take advantage of a voluntary, flexible load response program that targets what matters most: their utility bills.”

Constellation Peak Response offers customers two payment options -- saving on their Constellation monthly bill or receiving a quarterly check -- during the year following their participation in the program. Since the program’s pilot began in April 2011, more than 100 customers have enrolled a total of 400 megawatts into the program. In 2012, these pilot customers received more than $500,000 in Peak Response payments and savings as a result of their lower electricity consumption during Constellation Peak Response alert hours.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,076.27 +64.33 0.36%
S&P 500 2,114.07 +4.47 0.21%
NASDAQ 5,099.2310 +22.7070 0.45%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs