Vedero Software and MP2 Energy Provide Automated Demand Response Solution for Texas Electricity Market

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Joint Solution Enables Commercial Building Operators to Generate Revenue through Texas Emergency Demand Response Program

Vedero Software, a leading provider of software solutions for automated demand response, and MP2 Energy, a leading Retail Electric Provider (REP) as well as a Level IV Qualified Scheduling Entity (QSE) in Texas, today announced an integrated emergency demand response solution in the Electric Reliability Council of Texas (ERCOT) market for commercial customers. The companies offer an integrated solution for the Emergency Interruptible Load Service (EILS) ERCOT program.

ERCOT offers revenue to customers willing to curtail electricity utilization on demand in the event of an emergency. Commercial buildings including office complexes, hospitals, schools, universities, and data centers consume more than 40% of the electricity in North America, and the operators that manage these buildings are keenly interested in participating in demand response programs such as EILS. However, curtailing electricity must be balanced to accommodate the needs of the building occupants. Vedero Software meets the emerging critical requirement of providing a robust platform that ensures maximization of demand response events, while maintaining occupant comfort. MP2 Energy currently manages commercial and industrial customers participating in EILS Demand Response through their Level IV QSE and real time desk.

Vedero Software and MP2 study customer load as well as any onsite or backup generation at the customers’ facilities to integrate and bid eligible locations into the EILS program. Should a test or actual EILS event be necessary, Vedero Software receives a signal from MP2 to curtail electricity, and the Vedero platform temporarily overrides existing BAS systems to curtail load based on pre-programmed and customer approved scenarios. Once the test or EILS event is over, Vedero signals the customer BAS to resume normal operations. During the entire process, the customer is in complete control of complying with the EILS event by accessing Vedero’s real-time web-based system that provides alerts and reports on the status of operations.

“We are impressed with Vedero Software and feel that together we can offer a unique solution to commercial building operators here in Texas to allow them to participate in EILS by automatically and intelligently shedding available energy load through Vedero’s software” said Matthew Adams, President Retail Sales, MP2 Energy.

“We evaluated many potential partners in Texas with level IV QSE credentials and chose MP2 since we found them to be innovative, responsive, and progressive” said Joe Pollard, CEO, Vedero Software. “We are excited to be partnering with MP2 given their proven track record of success here in Texas with the EILS program”.

About Vedero Software
Vedero Software provides software and services to instrument and automate commercial buildings for energy responsiveness. This enables our customers to generate cash, reduce energy costs, and generate added services to attract and retain tenants, thereby increasing the value of their buildings. Our automated energy management solutions help grid operators supplement, avoid or defer costly investments in generation, transmission and distribution facilities and enhance the reliability of electric power.

Our solutions are used by large commercial organizations to automate demand response events in conjunction with their energy provider, and meet their sustainability goals. Visit us at http://www.vederosoft.com.

About MP2 Energy
The MP2 Energy team — through our unmatched experience, skills, systems, and credit, has established a top tier REP and Asset Management QSE in the ERCOT market. Our backgrounds and experiences in deregulated power have brought us together to deliver a better solution for consumers. Visit us at http://www.mp2energy.com.

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Michael Bunyard
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