Regional Transmission Organizations (RTOs) or Independent System Operators (ISOs) are responsible for maintaining a reliable supply of power. As more intermittent renewable energy comes online and as climate change drives increasing grid peak demand, load flexibility is key to the electric power grid of the future. Some electric system planners and operators use demand response programs as resource options to balance supply and demand. Demand response and peak management programs provide end-use customers with the ability to manage their electricity use in response to conditions in the wholesale market. They can reduce their electricity consumption when wholesale prices are high or the reliability of the grid is threatened, thereby receiving payments for the reductions they make.
For most facility managers, dynamic electricity demand management is a manual and time-consuming process. As a result, most facility operators and engineers find it a challenge to devote enough time to maximize utility bill savings or demand response earnings.
Grid Interactive Optimization (GIO) is structured to empower building managers with a digital tool that enables them to make informed choices about when and how to consume electricity while they deliver end-use services such as cooling, heating, lighting, and vertical transportation, and to take advantage of changing market conditions or price signals to earn revenue. GIO applies automated control sequences facility managers define to reshape a facility’s demand profile. Facility managers can use GIO to deploy peak shaving or load shifting strategies within thresholds that they set, and enjoy bill savings and a reduction in peak period demand charges.