Four Coincident Peak (4CP) works by lowering your energy use during peak demand events — these are when annual demand charges are set — so you can spend less, all year long. Lower demand equals higher savings.
Four Coincident Peak (4CP) works by lowering your energy use during peak demand events — these are when annual demand charges are set — so you can spend less, all year long. Lower demand equals higher savings.
If you have an Interval Data Recorder meter in the ERCOT (Texas) system, your demand charges are likely set during four 15-minute grid peaks in June, July, August, and September. Demand charges are what influence your TDSP pricing all year long. Throughout the summer, weather and demand fluctuations make it tricky to determine the exact 15-minute period when the grid will peak each month. Our 4CP program can help businesses anticipate those peaks to reduce energy usage during those key times — and increase cost-effectiveness.
If your business was able to reduce energy usage by one megawatt during each peak demand event, you could save up to $55,000 per year*. Imagine how those savings could benefit your business, your mission, and your customers.
It doesn’t take a big investment of your personal time to forecast energy peaks — our team of experts does it for you. In fact, with advanced algorithms and experts to factor in weather and market changes, NRG correctly predicted three out of four peak days in 2021. Telling the future isn’t easy work, but serving our customers makes it worth the effort.
The whole point of 4CP is to save as much money as possible with the least impact to day-to-day operations. NRG’s program provides alerts in the morning on potential coincidental peak days so that your business has time to react with the appropriate curtailment.
By tracking future peak demand events, your business can have the know-how and tools to save money the following year. Talk to an energy expert to see what 4CP could do for you.
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