BOSTON, Jan. 17, 2014 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy intelligence software (EIS), today announced that it repeatedly dispatched its commercial and industrial customers' demand response resources in New South Wales, South Australia, and Victoria, Australia in response to this week's heat wave that strained the region's electric power grid and caused prices to spike. These energy users leveraged EnerNOC's DemandSMARTTM software to manage participation in Australia's growing demand response market during multiple dispatches starting Monday, helping to prevent power outages and stabilize prices.
This week's conditions caused near record-breaking demand in eastern Australia; the states of Victoria and South Australia reached electricity consumption levels last seen in January 2009. Prices also spiked in the region, with the wholesale price of electricity rising for brief periods to over $6,200 per megawatt-hour in South Australia and over $5,900 per megawatt-hour in Victoria. Without resources such as demand response and solar generation available, these price levels would have been sustained for longer durations.
"Demand response delivered using EnerNOC's DemandSMART software continues to be an important and reliable resource in eastern Australia during this period of unrelenting heat and grid constraint, helping to keep the lights on and maintain stable prices," said Tim Healy, Chairman and CEO of EnerNOC. "We see great potential for demand response in eastern Australia, and we thank our customers for relying on EnerNOC technology to deliver much-needed capacity to the grid."
For more information about EnerNOC's demand-side management software and solutions, please visit: http://www.enernoc.com/for-utilities.
EnerNOC (Nasdaq:ENOC) is a leading provider of energy intelligence software and related solutions. EnerNOC unlocks the full value of energy management for utility and commercial, institutional, and industrial (C&I) customers by delivering a comprehensive suite of demand-side management services that reduce real-time demand for electricity, increase energy efficiency, improve energy supply transparency in competitive markets, and mitigate emissions. EnerNOC's Utility Solutions™ offerings, which include both implementation and consulting services, are helping hundreds of utilities and grid operators worldwide meet their demand-side management objectives. EnerNOC serves thousands of commercial, institutional, and industrial customers worldwide through a suite of energy management applications including: DemandSMART™, comprehensive demand response; EfficiencySMART™, continuous energy savings; and SupplySMART™, energy price and risk management. EnerNOC's Network Operations Center (NOC) offers 24x7x365 customer support. For more information, visit www.enernoc.com.
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