What is 4CP kW?
Every month your business is charged a fee—called a 4CP (coincidental peak) charge–based on how much electricity you consumed during a defined period in the pervious year when electricity demand on the grid was at its highest.
What is 4CP ERCOT?
In ERCOT, this is known as 4CP (or 4 Critical Peaks). 4CP is the average of an individual customer’s peaks during the highest grid peak hours for each of the four summer months.
Is ERCOT based in Texas?
(ERCOT) is an American organization that operates Texas’s electrical grid, the Texas Interconnection, which supplies power to more than 25 million Texas customers and represents 90 percent of the state’s electric load….Electric Reliability Council of Texas.
| ERCOT headquarters in Austin, Texas | |
|---|---|
| Website | ercot.com |
What does coincident peak mean?
Coincident peak is your facility’s demand during the time when electricity demand systemwide is the highest.
What is coincident peak?
Is ERCOT a government entity?
ERCOT is a membership-based 501(c)(4) nonprofit corporation, governed by a board of directors and subject to oversight by the Public Utility Commission of Texas and the Texas Legislature.
How is ERCOT funded?
ERCOT is funded by a System Administration Fee of 55.5 cents per MWh to cover its system costs. The cost to operate the electric grid and market for most of Texas averages about 50 -60 cents per month, or about $7 per year, for the average residential household.
What is non coincident peak load?
Non-coincident peak is the sum of the individual maximum demands regardless of time of occurrence within a specified period. The peak demand use for a given building and end use are typically not aligned exactly with the utility system peak, which is how the avoided peak demand is defined.
How do you calculate peak demand?
Utility companies typically measure power as the average demand over 15 minutes. This is done by adding up the energy consumed and then dividing by the interval of time, giving units of power, kW. The highest average 15 minute period of demand over a month is known as peak demand.
What is coincident peak vs non-coincident peak?
Peak period is the period during which peak demand savings are estimated. Non-coincident peak is the sum of the individual maximum demands regardless of time of occurrence within a specified period.
How is coincident peak demand calculated?
Coincident Peak: Platte River’s peak hour occurred 6 – 7 p.m. on Jan. 5. The customer’s demand for that hour was 163 kW. If this example was for the months of June, July or August, the summer coincident peak demand charge would be 163 kW x $14.50/kW = $2,364.
When does the 4cp for ERCOT come out?
The calculations for 4CP is defined as follows: “the average of the customer’s integrated 15 minute kW (or kVA) demands at the time of the monthly ERCOT system 15 minute peak kW demand for the months of June, July, August and September of the previous calendar year.” Every year, the 4CP is updated on January 1st.
How did ERCOT come up with the numbers for 2016?
In order to come up with the 2016 calculations, ERCOT used several elements including, the 2016 4CP Report, Settlement and Resettlement data. The Settlement data relies on the Transmission/Distribution Service Providers. If this information is not provided quickly, ERCOT will estimate the missing values.
How is the 4cp charge calculated on the electric bill?
The 4CP electric bill charge is one of 11 charges on the electric bill. It is calculated based upon system demands coinciding with the ERCOT system peak demand during the months of June, July, August and September. For the last four years, ERCOT measured peak demand times on weekdays between 3:45 p.m. and 5 p.m.
How are discounts determined for ERCOT 15 minute peak?
Like any other energy related charge, the discounts for participants that lowered their consumption during ERCOT’s defined “15 minute peak events” are determined by a series of pre-determined calculations. These calculations are 100% transparent.