Peak Power works with a wide range of commercial and industrial building owners and managers to help reduce NYISO ICAP 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 New York State energy market.
The New York Installed Capacity Market (ICAP) was developed to ensure electricity supply will meet the demands of the market.
We’ll use the highway analogy: The way our current electricity system is designed, we need to build infrastructure for the 1-hour of highest demand in the entire year. It’s like building a superhighway that’ll be full on the busiest travel day of the year, and nearly unnecessary for the other 364 days. Building infrastructure in that way just doesn’t make sense… and it costs us all a lot of money.
Put simply, the more electricity you use during demand peaks, the more you contribute to the infrastructure requirements, and the more you’ll pay in NYSIO ICAP charges.
In Peak Power’s latest analysis, 1 MW of load during 1 ICAP hour is equal to approximately $80,000 in annual cost. For large energy users, ICAP charges will be about 30% of your typical bill.
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 towards net zero.
Download this New York State Energy Incentives Guide so you can get a scan of the financial benefits that could be available to your business.
The energy storage system reduces utility costs and provides peak demand relief for the utility. Con Edison, the electric utility for this site, provides funding for this system to reduce peak demand during certain windows of time through the Demand Management Program. By participating in the program, the project received an incentive from Con Edison, which reduced the total project cost.
Westchester, New York
GHP Realty
$495,742
4,356 tCO2e
Westchester, New York
GHP Realty
$495,742
4,356 tCO2e
The energy storage system reduces utility costs and provides peak demand relief for the utility. Con Edison, the electric utility for this site, provides funding for this system to reduce peak demand during certain windows of time through the Demand Management Program. By participating in the program, the project received an incentive from Con Edison, which reduced the total project cost.
Discovery how you can reduce your ICAP costs with battery energy storage solutions in New York from Peak Power.
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