Con Edison announced expansion and extension of their existing Demand Response Program.
The new incentives take effect this summer. Size of the payment goes up and the minimum drops to a 50kw -- everyone in the pool! Now even smaller customers can make money while helping to avoid balckouts.
The monthly stipend stays.
All good for ENOC! I think the September or December quarter will really show the company moving past the inflection point. Then people will focus on the growth side of the story and not be spooked by the investment they are making in their future right now. This one just went public a bit early, and then saw the market open up more than they thought, and they had to invest for the opportunity.
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