KiWi Power Announces Success in Triads Forecasting
London, 10th April, 2013 – KiWi Power, the UK’s leading smart grid and energy demand management company, today announced 100% success in accurately forecasting the three triad periods during the 2012/13 triad season.
KiWi Power advised its customers to reduce or shift their power use when the UK’s demand for electricity was at its peak on these three specific half hourly periods, saving substantial sums on electricity bills, including one hospital that saved about £100,000.
The transmission network use of system charges, or ‘triads’, is the means by which industrial and commercial electricity consumers indirectly pay for the electricity transmission network in the UK. Triad charges are proportional to a business’s electricity demand at the three highest national system winter peaks. The charges are regionally based and are expected to be as high as £34 for each kilowatt-hour of demand during the triads in some regions next year. Triad charges can amount to over £50,000 of avoidable annual energy costs for each medium-large energy user.
Triad periods are not known in advance, but can be forecast, as they typically occur between 4.30pm and 6.30pm on weekdays during cold weather from November to February. These occurred on 29thNovember and 12th, December 2012 and 16thJanuary 2013. On these days, the UK experienced severe weather, including temperatures as low as -20°C in some areas, along with hail and snowfall. January 2013 proved to be Britain’s snowiest month since December 2010. Late-January’s freeze cost up to £4 billion in damages to the economy. Despite the coldest February for 22 years, there were no triad periods in February.
“If a business is able to reduce its electricity demand during the triad periods, it can realise significantly reduced triad charges on its energy bill,” said Yoav Zingher, Director of KiWi Power. “We work closely with customers to develop a robust triad management strategy for the periods that have a high likelihood of being declared as triads for that year,” he continued.
By actively managing triad demand, KiWi Power enables its customers to benefit from reduced electricity charges. KiWi Power monitors the expected system demand through a number of sources and uses proprietary techniques to forecast potential triad events. KiWi Power works with customers to alert them to triad events so that they have time to reduce or shift demand to some other period, or prepare for use standby generators. Triad management involves reducing consumption for around one hour during periods when peak demand is forecast. KiWi Power can activate the triad strategy on behalf of customers automatically or simply issue a triad forecast notification.
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About KiWi Power
KiWi Power was co-founded by Yoav Zingher and Ziko Abram in 2009. KiWi Power is a smart grid company that specialises in managing the demand side of energy consumption for large industrial and commercial consumers of electricity and for government regulators. The technical term is ‘demand response’. KiWi Power operates in the UK in England, Wales and Scotland supplying demand-side management services to the National Grid. The National Grid pays for these demand reductions, thereby allowing participating companies to generate new recurring revenue streams and reduce their carbon footprint.