RICHMOND, Va., Jan. 16, 2018 /PRNewswire/ -- Today, Dominion Voltage Inc. (DVI), a subsidiary of Dominion Energy (NYSE: D) and leader in Volt/VAR optimization "VVO" solutions, announced it plans to work with the energy companies of Ontario to help deliver on the goals outlined in the government's Long-Term Energy Plan.
The enhancements to the Plan are important steps to unlocking the full energy savings potential available in the modern distribution system, estimated to save 185 megawatts annually, establishing Ontario as a leader in energy conservation.
"Hydro Ottawa applauds the recent decision by the Ontario Ministry of Energy to allow in front of the meter conservation such as CVR to count toward an electric distribution company's energy savings targets," said Julie Lupinacci, Chief Customer Officer, Hydro Ottawa. "We have been piloting smart meter-enabled voltage reduction over the past year and while the final results aren't in, we expect we will see persistent, measurable energy savings without requiring any change in customer behavior."
"DVI appreciates the opportunity to provide the technology and a way forward for Ontario to reach its goals," said Todd Headlee, executive director-DVI. "VVO is an important building block in any long-term conservation program as evidenced by the project at Hydro Ottowa. The savings potential across all of Ontario is tremendous."
Last October, the Ontario Ministry of Energy released their updated Plan. One of the many innovative features was the inclusion of in front of the meter conservation ("IFMC") technologies to help meet the aggressive goal to achieve energy reduction of seven terawatts by 2020, established by the Conservation First policy in 2015.
New to the plan are the inclusion of two IFMC technologies, including VVO and phase balancing. Navigant, a leading utility consultant, estimates that the inclusion of these technologies can result in an annual demand reduction potential of 185 megawatts and energy savings of 1,130 gigawatt hours once implemented.
DVI will be demonstrating EDGE® and its other offerings at booth #1501 at DistribuTECH, the leading annual electric power transmission and distribution conference & exhibition event, from January 23rd – 25th, 2017 in San Antonio, Texas.
DVI is the leading provider of Volt/VAR optimization technology, providing solutions for energy efficiency, demand response, Volt/VAR control, and system reliability. DVI's patented approach plans, manages and validates utilities' grid optimization programs while delivering significant savings to both utilities and their customers (U.S. patents 8437883, 8577510, 9354641, 9563218, 9582020, and other U.S. and international patents pending). For more information about DVI, visit www.dvigridsolutions.com.
About Dominion Energy
Dominion Energy (NYSE:D) is one of the nation's largest producers and transporters of energy, with a portfolio of approximately 25,700 megawatts of generation, 15,000 miles of natural gas transmission, gathering and storage pipeline, and 6,600 miles of electric transmission lines. Dominion Energy operates one of the nation's largest natural gas storage systems with 1 trillion cubic feet of storage capacity and serves more than 6 million utility and retail energy customers. For more information about Dominion Energy, visit the company's website at www.dominionenergy.com.
SOURCE Dominion Voltage Inc.