NORCROSS, Ga., Aug. 3, 2015 (GLOBE NEWSWIRE) -- Comverge, Inc., the leading provider of demand management solutions for electric utilities, commends the Federal Energy Regulatory Commission (FERC) and the PJM Interconnection for an important tariff change that became effective today that allows residential demand response resources to participate in the Synchronized Reserve Market. Comverge provided data to PJM to help facilitate this rule change by demonstrating through a statistical sample of residential customers enrolled in a Comverge direct load control demand response program that these resources could meet the 10-minute response time requirement for this market and the market would be assured of having a very accurate accounting of the resources that were delivered. Comverge also supported the tariff changes through the regulatory process at FERC (ER15-1849).
The filing was noticed on June 4, 2015 and goes into effect August 3, offering utilities and other residential electricity service providers in the PJM territory a new potential revenue stream from their residential demand response programs. All demand response resources, including residential, may offer into the PJM Synchronized Reserve Market the day before the resource is available and are compensated if the offer is accepted. PJM then has the ability to call upon these resources to help to quickly repair imbalances in supply and demand by responding within 10 minutes.
"By recognizing additional capabilities, this tariff change further increases the value of residential demand response in the PJM territory," said Gregory J. Dukat, Comverge chairman, president and CEO. "As the market leader in residential demand response, we advocated for this change and are pleased that it has been approved so utilities can get an even greater return on their investment in residential demand response programs."
Comverge is the industry's leading provider of integrated demand response, energy efficiency and customer engagement solutions that enable electric utilities to ensure grid reliability, lower energy costs, meet regulatory demands and enhance the customer experience. Through its combination of software, hardware and services, Comverge helps utilities optimize every aspect of a demand management program, from participant recruitment and device installation to call center support, control events and measurement and verification. Comverge has worked with hundreds of electric utilities to deploy nearly six million energy management devices and enroll more than 1.6 million residential customers into mass-market demand management programs.. In July 2015, Navigant Research ranked Comverge the industry's number one demand response provider. For more information, visit www.comverge.com and follow us on Twitter at @Comverge.
CONTACT: For Additional Information Jason Cigarran Vice President, Corporate Marketing and Communications Comverge, Inc. 678-823-6784 email@example.com