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We Energies pays large commercial and industrial customers for voluntarily reducing electric load when the wholesale spot market spikes. The program is open to customers who can reduce at least 500 kilowatts (kW) of load quickly in response to market conditions.
Under a special year-long contract, you agree to reduce your electric load for a mutually agreeable price, with these conditions:
Even with a contract in place, your business does not have to accept any buy-back offers during the year. The contract terms cover actual transactions during bid periods.
If you enroll 500 kW at a bid price of $1/kwh and participate for 8 hours during a buy-back period, your credit will be:
500 kW x $1/kWh x 8 hours = $4,000
If you do not meet your load reduction commitment, you will pay the actual cost of replacement power for the difference between your actual kWh reduction and your committed kWh.
The program is open to the following customer categories:
800-714-7777 ext. 7700