March 2009 - Catholic University plans to expand its purchases of renewable energy through savings achieved by participating in Hess Energy Marketing’s Demand Response program. Under the program, customers in the Pennsylvania-Jersey-Maryland (PJM) market can be paid for committing to reduce electricity usage during times of peak demand when power grids are under significant stress. In turn, Hess is paid by regional power pools for preparing its customers to reduce energy consumption during peak usage periods. By participating in the program, Catholic University will receive $350,000 over the next four years, enabling the university to purchase renewable energy certificates (RECs) for 30 percent of its total electric demand and invest in energy reduction programs on campus.
As part of the Demand Response program, the university received an energy audit and advanced metering equipment and, in conjunction with Hess, developed a comprehensive energy curtailment plan in the event that a regional power pool requests a short-term reduction in energy consumption.
News Release - Universities hire Hess for big DR savings
Contact: Danielle Ruest, 212-896-1251