Utilities realize 3-5% average peak reduction across 29 events
ARLINGTON, Va.--(BUSINESS WIRE)--
Opower (NYSE: OPWR), the global leader in cloud-based software for the
utility industry, today announced new results from a series of
Behavioral Demand Response implementations at utilities across North
America. Working with its utility partners, Opower deployed over 12
million personalized communications across 29 demand response events,
delivering 3% average peak reduction and over 5% savings for programs
employing peak time rebates.
Opower’s BDR solution uses AMI data, proprietary analytics, behavioral
science, and highly personalized communication to drive measurable peak
reduction at scale without requiring costly devices in the home.
Utilities including BG&E, ComEd, DTE Energy, Consumers Energy, and PG&E
-- as well as Hydro Ottawa in Ontario, Canada, Opower’s first BDR
implementation outside the United States -- partnered with Opower to
deliver reliable and consistent savings during times of peak demand. In
total, Opower reduced enough peak demand to keep 6 expensive peaker
plants offline.
'Our third year of consistent results prove that BDR is an effective
solution for utilities to meet their peak management needs,' said Opower
CEO Dan Yates. 'As utilities face evolving load profiles driven by the
introduction of solar and other forms of distributed generation, BDR
empowers utilities with a flexible, scalable solution to address their
needs now and into the future.'
Opower’s BDR software transforms utilities’ approach to peak demand
management, driving world-class results at a fraction of the cost. By
converting smart grid data into real-time personalized energy insights,
BDR produces reliable territory-wide peak load reduction; increases
customer satisfaction; and amplifies energy efficiency, dynamic pricing,
and direct load control programs.
In addition to delivering substantial peak savings at scale, Opower’s
BDR program also won over customers. Most summer peak events saw
customer participation levels between 70-90%, with similarly high levels
of customer satisfaction reported.
'Hydro Ottawa was the first Canadian utility to use BDR to engage our
customers to collectively reduce peak electricity demand, and I'm glad
to say the results this summer were very strong,' said Hydro Ottawa CEO
Bryce Conrad. 'It's incredible to see a totally software-based solution
deliver tangible benefits to both our customers and the power system
that serves them.'
About Opower
Opower (NYSE:
OPWR) is an enterprise software company that helps utilities elevate
the customer experience. Energy providers use Opower's customer
engagement platform to deliver proactive, digital communications that
raise customer satisfaction, manage energy demand, and lower service
costs. Opower's software is deployed to more than 95 utilities worldwide
and reaches more than 50 million homes and businesses. For more
information, please visit www.opower.com
and follow us on Twitter at @Opower.
Forward-looking Statements
This release contains forward-looking statements, including
statements regarding benefits from the use of Opower’s solutions. Any
statements in this press release about future expectations, plans and
prospects for Opower represent the Company's views as of the date of
this press release. These forward-looking statements are subject to a
number of risks, uncertainties and assumptions. While the Company may
elect to update these statements at some point in the future, the
Company specifically disclaims any obligation to do so.
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Source: Opower