Pilot project launched to reward firms for cutting energy consumption [News]
By Toni Waterman, Channel NewsAsia, 17 May 2013.
Buildings gobble up 31 per cent of Singapore’s electricity, according to the Building and Construction Authority.
To free up the energy grid, a pilot project targeted at commercial buildings has been launched to reward companies for cutting energy consumption during peak periods.
The Siemens Centre at Macpherson Road is the first commercial building in Singapore to launch the demand response service.
It allows businesses to reduce their power usage when asked to during peak periods when a lot of companies are feeding off the energy grid.
In return, the firms receive payments for their flexibility.
This pilot project is being tested in a partnership with Diamond Energy, a wholesale trader in the National Electricity Market of Singapore.
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Source: Channel NewsAsia