Press Release: Rodan Energy Leads Ontario’s Demand Response Market
Rodan Energy Maintains Leadership as the Largest Demand Response Provider in Canada.
MISSISSAUGA, ON Canada – January 6, 2020 – The Independent Electricity System Operator (IESO) concluded its fifth demand response (DR) auction on December 6, 2019, releasing the results on December 12 for the 2020/21 summer and winter seasons. Rodan is pleased to announce that they continue to maintain a leadership position as the largest DR provider in Canada and will be directly managing over 230 MW of capacity in Ontario for 2020 and 2021.
The average annual clearing price of this year’s auction was $58,725/MW, a 36% decrease since the first auction in 2015, but a 10% increase over the 2018 auction. The auction cleared 858.6 MW for the 2020 summer commitment period and 919.3 MW for the 2020/2021 winter commitment period, which is a slight increase of approximately 5% over the previous year.
Rodan Energy is authorized by the IESO to enroll and manage residential, commercial, and industrial consumers in the demand response market. Rodan’s contributors help to maintain the reliability of the province’s electricity system by offsetting their energy costs and improving their competitiveness. Rodan’s fully managed DR services eliminate the participant’s administrative, regulatory, and financial risks while maximizing their earning potential with valuable insights and real-time software tools that provide both facility and market intelligence.
“As the only Ontario-based IESO DR aggregator, we continue to assist our clients with reducing their total energy expenditure while enhancing grid reliability in Ontario. We are very pleased to support the IESO in their commitment to procure valuable electricity resources on a level playing field through market-based auctions,” stated Paul Grod, Rodan’s President and CEO.
In addition to demand response services, Rodan offers full energy asset optimization and management services for power users and producers. Rodan maximizes for its clients all available electricity market revenues and saving opportunities, including demand response, global adjustment and peak demand cost reduction, ancillary services, and energy arbitrage.
About Rodan Energy Solutions
Rodan Energy is a leading North American energy management company delivering innovative solutions to large power producers, distributors, and consumers. Combining our expertise in metering, engineering, demand response, distributed energy and energy management information systems, we help our clients reduce their total energy spend. Rodan Energy is headquartered in Mississauga, Ontario with its Innovation Hub in Kitchener-Waterloo and Western Region office in Calgary, Alberta.
Visit www.rodanenergy.com for more information.
Rodan Energy Solutions
905-625-9900 ext. 241