Nrg Energy, Inc. · NYSE:NRG
Nrg Energy — EEIP (Energy Efficiency Implementation Project) meeting, October 2022
7 slides from Nrg Energy's conference presentation, Oct 18, 2022
Slide 1: Increasing DR Through REPs
Increasing DR Through REPs EEIP, 10/18/2022
Slide 2: The Potential
The Potential — There are approximately 7.2 million residential customers in the Oncor, CenterPoint, AEP Texas, and TNMP service territories. — With limited exception, these customers all have advanced meters (i.e., Smart Meters). — However, only about 12% of these customers (less than 900K) have a
Slide 3: A Tale of Two Thermostats
A Tale of Two Thermostats — Device DR, where a device (such as a smart thermostat) is controlled and where a customer retains override capability. o Very effective but limited to customers who have that device. o Customers want to retain the option to control/override. — Behavioral DR, where a custo
Slide 4: Device DR v. Behavioral DR
Device DR v. Behavioral DR — Device DR = more “bang” for the buck. o Average 20-30% reduction in customer demand during the period thermostat is controlled. — Behavioral DR = less impactful, but still helpful. o Customers who actively participate lower their demand by approximately 10-15%. o However
Slide 5: Smart Thermostat DR is a very effective resource for limited durations
Smart Thermostat DR is a very effective resource for limited durations • Long DR events eventually lose participants to opt-outs • Load shed of the last interval in a 4- hour event is 22% of the first interval Typical load reduction for a Summer DR event in 2022 Increasing DR Through REPs October 19
Slide 6: DR is most valuable if market price is predictably high for a window of a few hours
DR is most valuable if market price is predictably high for a window of a few hours Stretching high prices over Market price signals that last several hours is not useful longer than a few minutes for most DR but less than many hours is optimal for DR Illustrative wholesale prices Increasing DR Thro
Slide 7: Questions?
reliant, Questions?
NRG Energy — EEIP (Energy Efficiency Implementation Project) meeting, October 2022 on 6ix