HOUSTON, Aug. 18, 2015 /PRNewswire/ -- GDF SUEZ Energy Resources NA, a leader in U.S. retail energy, announced today the launch of VRewards, a free, voluntary demand response program that gives commercial and industrial customers the power to reduce power consumption and save on energy costs during periods of peak demand. At times, the most valuable electrons are those never consumed. This new program provides customers with the information needed to make these important decisions and in so doing reduce their electricity costs.
Customers of GDF SUEZ Energy Resources whose peak demand ranges between 500 kW and 3 MW of electricity per month are automatically eligible to participate. Businesses can enroll through an easy-to-use online form, which also provides access to advanced weather and price forecasting tools.
JD Burrows, Vice President of Marketing for GDF SUEZ Energy Resources, said the program represents an opportunity for customers to join a growing movement toward environmental conservation, while earning money in the process.
"Through VRewards, customers receive the insight and intelligence they need to make more informed curtailment decisions, with the flexibility to adjust consumption based on their specific operational requirements," he explained. "In addition, they get a reward for participating and – because they use less electricity during peak periods – they can save money on their electricity bill. It's a win-win by just about any standard."
Customers enrolled in VRewards receive advance notice in the morning of when a peak event is forecasted to occur along with an estimate of how long it will last. Participation is voluntary, allowing enrolled consumers to adjust consumption through a range of methods – from turning off non-critical systems to changing the thermostat – that support their particular business objectives. In addition to cost savings from reduced energy usage, VRewards gives customers a credit of up to $500 for every megawatt hour of energy they are able to reduce during a peak event.
The only requirements are that businesses have a fixed-price contract and an interval or smart meter. No equipment, technology, software downloads, regulatory programs, new contracts, or changes to existing agreements are necessary to participate.
For more information on how to enroll, including answers to several frequently asked questions, click here.
About GDF SUEZ Energy Resources NA
GDF SUEZ Energy Resources NA is one of the largest non-residential retail electricity suppliers in the U.S. and currently serves commercial, industrial, and institutional customers in 12 markets: Delaware, Texas, Massachusetts, Maine, Maryland, New York, New Jersey, Pennsylvania, Illinois, Connecticut, Ohio, and Washington, D.C. The company serves over 60,000 accounts for customers having a peak demand ranging from 50 KW to more than 200 MW, with an estimated peak load totaling nearly 10,000 MW. The company offers electricity service to residential and small business customers under the brand Think Energy®.
For more about GDF SUEZ Energy Resources, visit www.gdfsuezenergyresources.com or call 1-866-999-8374. Follow GDF SUEZ Energy Resources on LinkedIn, Twitter: @GDFSUEZEnergy, and Facebook. GDF SUEZ Energy Resources is a subsidiary of GDF SUEZ Energy North America, which manages a range of energy businesses in the U.S., Mexico, and Canada, including electricity generation and cogeneration, natural gas and liquefied natural gas (LNG) distribution and sales, and retail energy sales and related services to commercial and industrial customers. GDF SUEZ Energy North America is a part of the international energy group ENGIE, with the corporate registered name GDF SUEZ. For more information, please visit www.gdfsuezna.com and @gdfsuezna.
SOURCE GDF SUEZ Energy Resources NA