Solution: Prenova’s technology-enabled solutions create load profiles and relevant analyses for ensuring our customers receive optimum energy rates and gain visibility into energy consumption improvement opportunities. We use dynamic modeling techniques that incorporate historical load shapes and include weather response functions into the profiling method.

If IDR’s or sub-metering is installed, Prenova can perform dynamic load profiling.  We remotely collect data from the meters, validate the data, and produce daily load profiles. This approach is essentially a “real-time” construction of a customer’s load shape.

Prenova has also pioneered the development of a unique methodology to create a customer’s load duration curve, where demand data is ordered in descending order of magnitude. This is an important visibility tool: over any relevant time period (day/week/month/season), customers can quickly pinpoint the amount of time the most energy is consumed. Prenova can then use that information to determine most optimal Demand Response program, or can secure customers the optimal “load following” rate. Our operational knowledge and asset management tools allow us to “peel back” that block of highest usage to determine root causes, and pinpoint areas for improvement. Just as crucial is the correlation between the structure of supply pricing and demand behavior. Prenova regularly tracks the real-time changes in prices that reflect the time-varying cost of producing electricity: using a customer’s load duration curve, we can secure the most optimal price/rate based on load duration.

Outcome: There is a tightly integrated interaction between the structure of supply pricing and demand behavior.  Prenova understands that intricate interplay.  We use our knowledge to create customer-specific scenarios using both load profile and load duration curves. We assist our customers in analyzing the trade-offs between pricing programs and demand reduction programs to optimize overall energy expenditures. Prenova drives the most profitable outcomes in collaboration with our customers.