As anticipated, regional market results in efficiencies and savings
Company Website:
http://aps.com
PHOENIX -- (Business Wire)
APS customers have saved $5.98 million from the company’s participation
in the Energy Imbalance Market (EIM), according to a new report released
from the California Independent System Operator. The report analyzed
cost savings from October through December 2016, APS’s first three
months of participation in the western market.
“One of the main reasons we decided to participate in the Energy
Imbalance Market was because of the potential for savings through the
innovative and flexible new tools it provides,” said Tammy
McLeod, Vice President of Resource Management for APS. “We are
always looking for ways to save our customers money and, as anticipated,
the EIM is providing us that opportunity.”
The EIM enables utilities across the western region to buy and sell
energy more efficiently. The difference between participating in the EIM
over traditional energy markets is that the EIM automatically finds the
most efficient energy resources available if APS decides to buy or sell
power in five minute increments. EIM’s real-time market capabilities
help APS respond quickly to variable renewable energy production (like
solar) and better incorporate renewable resources by automatically
adjusting to intermittency.
Click
here to view the full 2016 fourth-quarter EIM benefits assessment
report.
APS
serves about 2.7 million people in 11 of Arizona’s 15 counties, and is
the Southwest’s foremost producer of clean, safe and reliable
electricity. Using a balanced energy mix that is nearly 50 percent
carbon-free, APS has one of the country’s most substantial renewable
energy portfolios, and owns and operates the Palo Verde Nuclear
Generating Station, the country’s top power producer and largest
producer of carbon-free energy. The company is also a proven leader in
introducing technology and services that offer customers choice and
control over their energy consumption. With headquarters in Phoenix, APS
is the principal subsidiary of Pinnacle
West Capital Corp. (NYSE: PNW).
View source version on businesswire.com: http://www.businesswire.com/news/home/20170201005424/en/
Contacts:
APS
Media Contact:
Anna Stewart, 602-250-2104
or
Analyst
Contacts:
Ted Geisler, 602-250-3200
or
Chalese Haraldsen,
602-250-5643
or
Website: aps.com/newsroom
Source: APS
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