The Leesburg Smart Grid: The A+ Results
To date, Leesburg and participating businesses have saved more than $2.8 million in wholesale power supply costs. And as of May 2011, they achieved savings for an impressive 18 consecutive months. The supermarket chain and the LRMC began to receive regular checks for their half of the savings — amounting to $213,000 as of May 2011 — while Kalv was able to create a new source of funding for Leesburg to pursue other energy efficiency and reliability projects on behalf of the entire community, such as their U.S. Department of Energy-sponsored Smart Grid Investment Project. Prior to implementing Kalv’s demand response and power loss reduction program, Leesburg has had a B+ bond rating from the three reporting agencies. In the last two years, as a result of the demand response program and other operational improvements, Leesburg’s bond ratings have steadily rose from B+ to A- and from A- to A, before reaching their current rating of A+.
Furthermore, Leesburg’s Smart Grid project will have a significant Volt/VAR optimization element and several additional commercial customers are considering the opportunity to subscribe to the Load Reduction Credit Rider. It took Leesburg 14 months to save the first $1 million, seven additional months to save $2 million and, at this rate, it appears that $3 million in savings will be reached in the next six months.
Kurt Yeager, executive director of Galvin Electricity Initiative, said the city’s proposed electrical grid upgrades and improvements should serve as an example to other cities for not only improving the city’s electrical grid, but also bringing down the cost of electricity for customers.
|Rising Costs||The Heart of the Problem
||A Man on a Mission|
|The Genesis of a Solution
||The A+ Results
||Furthering the Success: A Consumer-Centric Vision|