Our partners at PowerStream have received this year’s Innovation Excellence Award from the Electricity Distributors Association, which represents consumer-facing electric utilities in Ontario.
PowerStream was recognized for its Advantage Power Pricing (APP) program, aimed at helping consumers realize significant savings by automatically reducing demand during peak periods of the day. The program provides consumers with detailed pricing information that they can view on a mobile device or can be fed into smart thermostats or controls for high-consumption appliances like water heaters. Consumers can use that information to change their own consumption patterns and shift as much electricity use as possible to off-peak times – and, as part of the program, get that power at a reduced rate.
We’re proud to be partnering with PowerStream, arguably one of the most progressive and customer-focused utilities in North America, on another bill reduction program. We launched a 20-home pilot with PowerStream in September, installing Sunverge SIS storage systems in those homes, which will be linked together into a Virtual Power Plant that PowerStream manages using our software platform. Not only will consumers get information about consumption and pricing, but they will have access to the stored PV-generated power when they need it – and that power can be redistributed on the grid as an additional peak resource.
Congratulations to PowerStream on this great award – more evidence of the increasingly important role technology is playing in creating the next generation power grid.
