energy efficiency
Price Responsive Program
Day-Ahead Demand Reduction Program (DADRP)
Customers agree to reduce load when wholesale electric market prices exceed a predetermined "strike" price. Con Edison aggregates the load reduction nominations from customers and submits them to the New York Independent System Operator (NYISO) for evaluation. The NYISO accepts these load reduction nominations as needed. Customers receive incentives based on forecasted wholesale prices for the load reductions if their nominations are accepted.
Customers enrolled in the program receive an e-mail from Con Edison indicating the forecasted price of electricity for specific times of the day that will be used for the price of upcoming load reductions. The forecasted price is for specific hours during the day. If a customer wants to participate at that price, the customer sends an e-mail to Con Edison with its proposed load reduction bid. Con Edison notifies the customer if the bid has been accepted by the NYISO.
Eligibility and Requirements
- Full-service Con Edison customer
- Reduce load by at least 100 kW
- Minimum of one year commitment
- Billing Interval Meter and communication(s)
Incentives
Penalties
- Customers must buy back any shortfall in load reduction at either the day-ahead or the real-time hourly price, whichever is greater.
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