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RWE Offers to Curb $24 Million Worth of Electricity in U.K.
2011-01-13 00:01:00.4 GMT
By Catherine Airlie
Jan. 13 (Bloomberg) -- RWE AG will offer power reduction
and generation services to the U.K.'s major energy users via a
National Grid Plc mechanism that pays when electricity use is
curtailed at times of peak demand.
The system could generate up to 15 million pounds ($24
million) a year for British businesses, RWE said.
RWE npower, the U.K business of Germany's largest
electricity producer, and Flextricity, an Edinburgh-based power
management company, started the service to manage businesses'
demand and generation at times of peak consumption, according to
an e-mailed statement today. National Grid pays companies to cut
use or supply power when required.
"We are the first energy supplier to offer this type of
remotely operated service and it really is win-win for
customers, providing them with opportunities to earn extra money
and increase asset reliability, while reducing carbon emissions
and risk in the national electricity system," David Cockshott,
director of industrial and commercial markets at npower, said in
the statement.
National Grid currently has 2,600 megawatts of contracts in
its so-called Short Term Operating Reserve, Graham McQuarrie, a
spokesman for the grid operator, said by telephone. That
includes 200 megawatts of demand side reduction, he said. This
is triggered at times when there are insufficient conventional
supplies to meet demand.
For Related News and Information:
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Most-read environmental news: MNI ENV <GO>
Renewable Energy Stories: NI ALTNRG <GO>
--Editors: Alex Devine, Rob Verdonck.
To contact the reporter on this story:
Catherine Airlie at +44-20-7073-3308 or
cairlie@bloomberg.net
To contact the editor responsible for this story:
Stephen Voss at +44 207 7073 3520 or
sev@bloomberg.net
