Constellation commercial and industrial customers can receive a lower
electricity supply rate or a bill credit for load response participation
Constellation, a business unit of Exelon, today launched Constellation Rate
Response, which provides new options for commercial and industrial (C&I)
customers to lower their electricity supply costs by participating in load
response programs. Constellation power customers participating in load response
programs can choose to receive a reduced rate on their electricity supply
throughout the year or a direct bill credit. Customers typically receive load
response payments from their utility, ISO or curtailment service provider in the
form of a check, months after a load response event has occurred.
"As a competitive power supplier, Constellation is able to provide unique
opportunities for customers to integrate their management of energy use within
their energy purchase," said Gary Fromer, senior vice president, energy
management programs, for Constellation. "With Rate Response, customers who
participate in load response programs can reduce their electricity supply costs
and benefit from energy procurement and efficient power use in a single
"New and innovative options for how and when businesses receive load response
program revenues are a motivating factor for broader program participation,"
said Marianne Hedin, senior research analyst at Pike Research, a part of
Navigant. "Real progress in the load response industry requires bringing
together customers` operations and procurement departments for a meaningful
conversation regarding energy use, in order to further promote load response
understanding and participation."
Rate Response is Constellation`s latest offering to C&I customers that combines
electricity supply with energy management products and services. Efficiency Made
Easy allows customers to implement energy efficiency upgrades at their
facilities with no upfront capital expenditure. With Constellation Peak
Response, customers can reduce future capacity and transmission costs by
voluntarily lowering electricity consumption during the hours of peak demand.
Constellation Rate Response customers select how load response revenue is
applied to their electricity bill based on their estimated level of curtailment
and the type of load response program in which they participate. Customers
enrolled in capacity-based load response programs can choose to receive a
reduced electricity supply rate up front, to reflect the value of anticipated
load curtailment throughout the year. Customers enrolled in capacity, energy or
ancillary load response programs can choose to receive payments as credits
directly on their monthly bill for the amount of any revenue earned.
Constellation Rate Response is supported by Constellation`s VirtuWatt energy
management and markets platform.
Constellation Rate Response is currently available to Constellation C&I power
customers in the PJM, New England, New York, ERCOT and California regions. For
more information please visit www.constellation.com/rateresponse.
Constellation will hold a free, informational webinar on Rate Response on Feb.
21, 2013, at 3 p.m. EST. To register, click here.
*Constellation Peak Response, Constellation Rate Response and Efficiency Made
Easy are offered by Constellation NewEnergy, Inc.
Constellation`s companies (www.constellation.com), subsidiaries of Exelon
Corporation (NYSE:EXC), are leading competitive retail suppliers of power,
natural gas, renewables and energy management products for businesses and
homeowners across the continental United States. Constellation serves more than
100,000 business and public sector customers, including more than two-thirds of
the Fortune 100, and more than 1 million residential customers.
Exelon Corporation is the nation`s leading competitive energy provider, with
2012 revenues of approximately $23.5 billion. Headquartered in Chicago, Exelon
has operations and business activities in 47 states, the District of Columbia
and Canada. Exelon is one of the largest competitive U.S. power generators, with
approximately 35,000 megawatts of owned capacity comprising one of the nation`s
cleanest and lowest-cost power generation fleets. The company`s Constellation
business unit provides energy products and services to approximately 100,000
business and public sector customers and more than 1 million residential
customers. Exelon`s utilities deliver electricity and natural gas to more than
6.6 million customers in central Maryland (BGE), northern Illinois (ComEd) and
southeastern Pennsylvania (PECO). Learn more at: www.exeloncorp.com.
Kelly Biemer, 410-470-9700
Copyright Business Wire 2013