We’re updating this afternoon because there is a possibility that the New England Power Grid will experience a very high level of demand from 2:00pm – 5:00pm EST tomorrow, July 8th, 2015 based on ISO-New England (the entity that manages the power grid) forecasts.
When the New England Power Grid hits its peak demand during a calendar year the system operator (ISO-NE) will use that moment (highest hour) as a benchmark for the following year’s “Installed Capacity Tag” (ICAP). This Installed Capacity Tag is fixed for the next year once it is determined, and can heavily influence the overall energy rate of your bills. By lowering you demand during that hour you can greatly reduce next year’s electricity bills.
Most companies will be operating at full capacity, with all the HVAC units running when this moment occurs.This creates a high level of demand and that translates to a higher Installed Capacity Tag for your business.
One of our partners that monitors/analyzes this type of activity suggests that if you are capable of reducing your power load in any of the ways below to do so. It may have a beneficial impact on your Capacity Tag next year if they are correct.
• Turn up the thermostat a 3-4 degrees during these hours
• Turn off any unnecessary lighting
• Turn off any machinery that you can
Anything you can afford to shut down during these hours that will cut back on electricity usage could prove to be advantageous in regards to next year’s bills.
We realize this is short notice but this could be an ICAP-determining day, so if you can curtail your usage at all, it will could help you reduce next year’s electricity bills.
Hopefully you find this communication helpful. As the summer continues Patriot will continue to post similar updates because unfortunately there is no way to guarantee when this will happen.
General Disclaimer: This information is provided as a courtesy to our clients and/or potential clients and should not be construed as an offer to sell or as a solicitation of an offer to buy securities based on, or contracts in or for, any energy commodity. Patriot Energy Group does not sell electricity and/or natural gas, and as such, the actual terms and conditions of competitive supply are solely provided for by the competitive supplier’s contract with the client. Reliance on this information for decisions is done so at the sole risk of the reader and past performance is not indicative of future results. This information is provided as a general description of various electricity and/or natural gas purchasing strategies that may be decided upon by our clients. Both clients and potential clients should consider their individual circumstances and other sources of available information before arriving at a decision.
Energy Saving Tips
• Unplug electronics such as cell phones and laptops once they’re charged. Adapters plugged into outlets use energy even if they’re not charging.
• Use fans to maintain comfortable temperature, humidity and air movement, and save energy. Moving air can make a somewhat higher temperature and/or humidity feel comfortable and can help delay or reduce the need for air conditioning.
• Adjust lighting to your actual needs; use free “daylight” during the day. Also, to prevent glare, eyestrain and headaches, do not “over-light.” Too much light can be as bad for visual quality as too little light – and it costs a lot more.
• Allow your workers to wear comfortable clothing during hot weather. It makes little sense to keep a room cold enough that workers must wear suits and coats.