Through Beat the Peak, members of the co-op can sign-up to receive alerts asking them to reduce their energy usage during critical periods when wholesale electricity prices spike. These times, known in the industry as “peak demand,” are when requirements for electricity are the highest, such as during some hot summer afternoons or cold winter mornings.
As with most commodities, when the demand for electricity rises, so do the costs. When the cooperative purchases large amounts of energy during these peak periods over the course of a year, it has a significant impact on the electricity rates the co-op and its member-owners pay.
The idea behind Beat the Peak is to shift energy consumption from times when demand is highest. Potentially, this effort can save the cooperative and its member-owners significant money over time by keeping the wholesale power costs low and stable.
When Tri-County’s staff determines that a peak energy-use period is coming, the co-op will issue a Beak the Peak alert to program participants. On the website www.EnergySmartSC.org, members can select to receive the alerts by text message, email or phone call. Tri-County Electric will also alert members on the co-ops Facebook page.
During a Beat the Peak period, which will typically last only a few hours, members will be encouraged to reduce use of power-intensive activities. These are a few of the actions members can take:
“The important thing is that we are not asking our member-owners to altogether stop using certain appliances,” says Chad Lowder, CEO. “We want to get them to consider shifting their use to different hours of the day to help hold down everyone’s costs. If we can work together, it’s a win-win for everybody.”
Sign up today. Visit the website www.EnergySmartSC.org where you can select to receive Beat the Peak alerts by text message, email or phone call.