Another Texas REP Launches Critical Peak Rebate (With Automation), Promotes With $3,000 Challenge
July 29, 2014 Email This Story Copyright 2010-14 EnergyChoiceMatters.com
Reporting by Karen Abbott • email@example.com
Amigo Energy has launched a critical peak rebate program in Texas that includes, for certain customers, an automated response, and which is being promoted through a $3,000 grand prize challenge.
Amigo Energy's Peak Power Rewards program will pay the customer, for their eligible usage drop during a called event, the difference in the ERCOT Real Time price versus customer's contract price, multiplied by usage drop, multiplied by 50%.
A customer's usage drop must be at least 20% to be eligible for the reward. The usage drop is calculated by subtracting customer's actual usage for the Peak Power Reward Period minus customer's anticipated usage for the same period. Amigo Energy determines expected usage based on customer's historical usage adjusted for current weather conditions and other business factors.
Amigo Energy will apply accumulated Peak Power Rewards to a customer's account once the customer accrues a balance of $50, or at the end of the current program period.
Customers who have a SmartStat remotely controllable thermostat provided by Amigo will automatically respond to peak events. During an event, the SmartStat display will say "Demand Response in Progress," and the HVAC equipment will adjust by a few degrees to reduce the home's energy consumption. The SmartStat will automatically reset to the customer's preferred settings at the end of the event.
Customers who do not have a SmartStat but who have a smart meter may also participate in the critical peak rebate program, but Amigo says these customers should increase the temperature on their thermostat by 3°F for at least two hours during demand response periods.
Amigo Energy is also running a Peak Power Rewards Challenge that will provide prizes for the top 10 customers with the greatest cumulative savings. The highest saver will receive a grand prize of $3,000