Demand Response Management
Smarter energy. Smarter choices.
Ventyx supports commercial and retail utility operations that are required to deliver effective demand response programs, distributed energy management and resource optimization for successful smart grid deployments. These programs provide real-time pricing and data to producers and consumers, and when supported by the Ventyx DR Management solution, give customers the ability to make more informed choices about how and when they use power by providing them with incentives for controlling energy loads on the network.
With Ventyx DR Management, utilities, generation companies and distribution companies are able to better optimize demand response and distributed energy resources to better manage peak demand periods, minimize the impact of outages and decrease investments in additional generation, transmission and distribution assets.
expand Key Benefits
Ventyx DR Management delivers important benefits to the utility smart grid program, including:
- Improving distribution monitoring, control and optimization.
- Minimizing the frequency, duration and impact of outages.
- Decreasing investments in new generation assets, network reinforcement and other asset-intensive investments.
- Enhancing renewable energy use through smart grid programs that incent the energy consumer to make green choices.
- Turning advanced metering initiatives into commercially actionable information.
- Leveraging the power of virtual power plant optimization.
- Optimizing the impact delivered by DR programs and distributed energy resources.
- Decreasing costs through wholesale price mitigation and capacity revenue.
- Increasing electric system reliability while meeting future load growths.
expand Key Capabilities
|Demand Response Management||Improve management of demand response programs and achieve greater control and insight over your energy use, environmental footprint and overall energy economics. DR Management solutions communicate with demand response devices, signaling an event and gathering actual data.|
|Distributed Energy Management||Provide real-time tracking, forecasting and aggregations of demand response and distributed energy resources into virtual power plants, enabling improved forecasting and optimization of these assets.|
|Resource Optimization||Ventyx DR solutions enable utility portfolio optimization by supporting unit commitment and dispatch for complex portfolios that include the full range of portfolio components, including generation, storage, renewables, virtual power plants and complex contracts.|
|DR Dashboards||Facilitate the speed of decision making to dispatch distributed energy resources and provide a comprehensive portfolio view. Ventyx DR Management includes an operations dashboard that brings all portfolio elements into a framework to help final decision making as well as reporting on forecast and execution results.|
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