Aug
25

How General Motors, Perdue Get Paid to Help Keep the Lights On

By

Detroit carmaker General Motors Co. and poultry supplier Perdue Farms Inc. have something in common: They’re both getting paid to consume less power.

They’re among the clients of demand-response providers who won contracts this month with the operator of America’s biggest power system. In 2018, grid manager PJM Interconnection LLC will call on them to ratchet down their electricity demand when necessary to keep the lights on across its territory in the eastern U.S.

In return, these demand-response suppliers get paid a daily rate of at least $149.98 a megawatt, the same as a traditional power generator. It’s the most that PJM’s electricity suppliers will collect for capacity in eight years and a surprising boon for demand-side companies such as EnerNOC Inc., whose clients include GM and Perdue Farms. They walked away from an auction this month with contracts representing 11,084 megawatts of PJM’s power supply, a 1 percent gain in market share…

How General Motors, Perdue Get Paid to Help Keep the Lights On

 

Share
Categories : Uncategorized

Leave a Reply

You must be logged in to post a comment.