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Comverge Customer Gulf Power Wins POWERGRID International 2012 Project of the Year Award for Innovative Dynamic Pricing Program

NORCROSS, Ga., Feb. 4, 2013 (GLOBE NEWSWIRE) -- Comverge, Inc., the leading provider of Intelligent Energy Management solutions for Residential and Commercial & Industrial (C&I) customers, is proud to announce that its customer, Gulf Power has won a POWERGRID International2012 Project of the Year award for its innovative dynamic pricing program Energy Select. Recognized by the publication's editors in the energy efficiency/demand response category, Gulf Power's Energy Select program has enabled the utility to reduce peak demand and allowed participants to take advantage of lower energy prices 87 percent of the time. In addition, the program has resulted in customer satisfaction rates as high as 97 percent.

"We have worked closely with Comverge on the Energy Select program and the customer satisfaction and operational results we have achieved are remarkable," said David Eggart, Program Manager, Energy Select, Gulf Power. "To be recognized by such a respected industry award is an honor and we are proud to have won the POWERGRID International 2012 Project of the Year award."

Gulf Power's Energy Select Program gives customers greater control over their energy usage by allowing them to automate the settings of high-energy use appliances to automatically respond to pricing tiers and dynamic price signals. To operate the program, Gulf Power uses Comverge SmartPrice, an intelligent dynamic pricing solution. SmartPrice consists of an integrated suite of hardware and software that includes the Comverge IntelliSOURCE demand response management system (DRMS) and the Comverge portfolio of intelligent energy management devices. IntelliSOURCE enables Gulf Power to send near real-time price signals to the appliances, which automatically respond by using the pre-programmed settings. This approach has not only increased customer engagement, but has also provided Gulf Power with reliable capacity that can be dispatched at the push of a button.

"The Gulf Power Energy Select program demonstrates how automated dynamic pricing programs can cost-effectively shave peak demand, lower customers' electricity bills and increase customer satisfaction," said Comverge President and CEO, Blake Young. "We congratulate Gulf Power on this award and expect to see a range of utilities – from investor-owned to publicly-owned to cooperatives – following their example and taking advantage of automated dynamic pricing solutions like Comverge SmartPrice to achieve similar results."

The POWERGRID International Project of the Year Awards were announced during the keynote presentation at the DistribuTECH 2013 conference in San Diego on January 29. The editors at POWERGRID International selected winners based on five specific criteria: ingenuity, scope, practicality, vision and follow-through. The awards were distributed to the best projects in four categories: energy efficiency/demand response, grid integration of renewables, smart grid and smart metering.

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About Comverge

Comverge delivers a comprehensive suite of intelligent energy management solutions that enable utilities, grid operators, and commercial and industrial organizations to optimize their energy usage in order to reduce costs, meet regulatory requirements, and support sustainability initiatives. With 30 years of experience helping customers implement innovative Demand-Side Management programs, Comverge has deployed more than five and a half million energy management devices, recruited over one million residential customers into mass market demand response programs, and served thousands of commercial & industrial customers. For more information, visit www.comverge.com.

The Comverge, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=15307

CONTACT: Jason Cigarran Vice President, Marketing Comverge, Inc. 678-823-6784 jcigarran@comverge.com

Source:Comverge, Inc.