Online Power Exchange
On the Online Power Exchange, your company can get paid for reducing electric use — in real time — on the World Wide Web. Over an interactive website, you can accept an offer for load reduction submitted by WPS, or you can submit your own offer to reduce your load at a time, quantity and price you choose. In essence, you sell power back to WPS in real time.
The Online Power Exchange is a completely voluntary program. By participating, you help optimize the state's power system — lowering system costs — and, at the same time, gain the opportunity to manage your energy costs and potentially benefit from the changing energy market.
Program Details
- The Online Power Exchange program is designed for businesses with at least 500 kilowatts (KW) of electric load. It's available to customers with interruptible electric load during times of normal pricing, but can apply only to their firm load when participating in an economic buy-through.
- The WPS Energy Information website serves as a communication device between you and WPS for the Online Power Exchange.
- If WPS is in need of electric supply, we post an offer on the website and send an e-mail or pager message to all customers in the Online Power Exchange program. Customers then visit the website to find out the details. Those interested in reducing load submit a nomination electronically. WPS sends an e-mail confirmation to those who responded, letting them know if their nomination has been accepted or declined.
- You also have the option of posting your own
offer on the website. You can post a revision to an offer posted
by WPS, or you can post an offer when there's currently
no offer posted by WPS.
Your offer will include:
- Kilowatts Nominated (kilowatts available for load reduction)
- Time Frame (start and end time)
- Price per Kilowatt-hour
- Offer Closing Time
- Baseline Intervals (used to determine your baseline usage when calculating your interrupted load)
- Penalty Fees (whether you are willing to pay penalty fees if you don't meet your nomination)
- Authorization
- The amount of load you actually interrupt is determined from your baseline usage.