Peak Power works with a wide range of commercial and industrial building owners, energy managers, and sustainability managers to help reduce Global Adjustment costs and Scope 2 emissions. Our deep well of energy expertise ensures that any project we undertake is based on a strong business case in the Ontario energy market.
The Ontario Independent Electricity System Operator (IESO) applies charges to large business customers for their consumption during electricity demand spikes. These are called Global Adjustment charges and are based on your energy use during the 5 hours of the previous year with the most intensive energy demand (peak demand).
In Ontario, we have a low-emissions grid with hydro and nuclear making up a majority of the energy we use throughout the year. When electricity demand spikes – like during the hottest days of summer – the IESO calls on higher-emitting generation sources like coal and natural gas plants to match supply with demand.
Global Adjustment costs are meant to provide an incentive to large commercial and industrial consumers to reduce their electricity loads during these periods of peak demand. The reduction in load directly correlates to a reduction in Scope 2 emissions.
The challenge for individuals charged with energy management is identifying the exact time to reduce energy or dispatch a distributed energy resource like battery storage. That’s where Peak Power’s software and forecasting capabilities come in.
There’s a vast network of financial incentives to power the shift to Distributed Energy Resources (DERs), but these incentives can be hard to navigate and complex to understand.
With the right strategies, commercial and industrial players can unlock profitability, tap into multiple value streams and incentives, and make progress toward net zero.
Download this Ontario Energy Incentives Guide so you can get a scan of the financial benefits that could be available to your business.
What can be achieved when buildings, batteries, and electric vehicles work together?
In 2020, we orchestrated 8 buildings, 4 batteries, and 12 electric vehicles to respond to a peak electricity demand event in Toronto. In a single 4-hour period, we generated over $10,500 in revenue from energy markets incentives and reduced load by over 1 MW.
Toronto, Ontario
Multiple
$10,500 in a 4-hour period
1 MW
What can be achieved when buildings, batteries, and electric vehicles work together?
In 2020, we orchestrated 8 buildings, 4 batteries, and 12 electric vehicles to respond to a peak electricity demand event in Toronto. In a single 4-hour period, we generated over $10,500 in revenue from energy markets incentives and reduced load by over 1 MW.
Toronto, Ontario
Multiple
$10,500 in a 4-hour period
1 MW
Toronto, Ontario
Multiple
$10,500 in a 4-hour period
1 MW
214 King St W #210,
Toronto, ON
M5H 3S6
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