vpower™ nyiso icap management - engie resources€¦ · nyiso icap management overview welcome to...
TRANSCRIPT
NYISO ICAP MANAGEMENT OVERVIEWWelcome to ENGIE’s NYISO ICAP Management. Our ICAP Management product is an online service that uses a seven-day predictive model to identify and alert you when the grid is likely to peak. By alerting you to the potential peak hour that sets your ICAP (Installed Capacity) charge, you can proactively reduce your energy in order to lower your overall electricity bill for the next year.
HOW DOES IT WORK? • Any customer with an interval meter is assigned an Installed Capacity Tag (ICAP) for summer (May–October)
and winter (November–April) based on their demand during the NYISO annual system peak hour. This is called the customer’s coincident demand. The assessment season starts on May 1st and goes through April 30th of the following year.
• This charge generally accounts for up to 30% of your total electric bill and is either clearly stated as a billing line item, or is bundled with other charges. But we guarantee you that it’s there!
• By reducing your energy usage during the coincident peak hour, you will lower the overall capacity allocation for all 365 days of the following year.
Today’s critical peak likelihood status and forecasted peak hour
Additional grid information and recommended load reduction times
Scroll forward to see likelihood status up to seven days ahead
Summary of conditions affecting peaks
Today is indicated with corresponding shading on load graph
Week ahead forecast showing peak day likelihood status according to the following legend:
HIGH – REDMEDIUM – ORANGELOW – GREEN
VPower™NYISO ICAP Management
If you want to learn more, contact your ENGIE representative. | engieresources.com
©2018 ENGIE Resources
VPower™ NYISO ICAP Management Screens:
Our software provides a weekly peak-
day forecast based on grid-wide electric
loads, weather data, historical grid
information, and other key factors that
generate a likelihood status of that day
being a peak grid day. Using a color-
coded system representing statuses
low through high, we will let you know
which days have a chance of setting the
coincident peak with high accuracy.
In addition to your monitoring screen,
you can view historical grid peaks
throughout the month relative to the
upcoming forecasted peaks. Any peak
that could reset a previous peak day
will have the status shown above.
You will also get the daily view of
the NYISO’s real-time and forecasted
grid load. These advanced monitoring
tools allow you to anticipate if grid
load is trending higher or lower than
forecasted, so you can be more or less
aggressive as you make decisions on
executing your strategy.
After the season, you will be sent a
post-season summary report con� rming
the coincident peak days and showing
the alert status of each. This report will
also allow you to estimate the value
of your reduction.
VPower™NYISO ICAP Management
If you want to learn more, contact your ENGIE representative. | engieresources.com
©2018 ENGIE Resources
VPower™NYISO ICAP Management
SAMPLE ALERT EMAILAlert emails are sent to notify you
of a high likelihood of a critical
peak hour for that day or the next.
In addition, you can log into the
portal at any point to see the rolling
seven-day forecast to make more
long-term operational plans.
NYISO ICAP MANAGEMENT FAQS:
1. What is “ICAP”?“ICAP” stands for “Installed Capacity” and is the charge that is passed down to each customer based on the highest peak hour on the NYISO grid during the summer and winter seasons from May 1st to April 30th. If you instead reduce your energy during those hours, you can signi� cantly lower that charge. Note, that if you are on a � xed-price contract, this charge may be bundled into your rate.
2. How much notice will I get to reduce my energy?With the VPower software, you can get a sense up to six days ahead if there is an increased likelihood of a peak day. Much like the weather forecast, this becomes more accurate the closer you get to the actual day. In addition to being able to view your screens, you will receive a day-ahead email alerting you of a possible peak, as well as a day-of con� rmation of the likelihood status. Both alerts will include recommended hours of reduction on the speci� ed day.
3. How do I add someone to receive the email alert?To add another subscriber, please contact your sales representative, or email [email protected].
4. When will I receive alerts?Day-ahead and day-of alerts will be issued between 8:00 and 9:00 AM the day before or day of an increased likelihood of a peak.
5. What likelihood status triggers the alert?The alerts are triggered based only on the “High” likelihood status. We aim to issue only 10 within a given season, and it may be a few more or few less depending how the summer shapes up. That being said, your VPower screens are available 24/7, and if you would like to be conservative, you can reduce energy based on a medium status as well. Recommended start and end times for your reduction will also be available on screen for medium statuses.
If you want to learn more, contact your ENGIE representative. | engieresources.com
©2018 ENGIE Resources
engieresources.com