One of the ways the electricity companies charge their large customers is through an “ICAP tag”, a financial penalty based on how much of the electric grid you use during the New England electric system (ISO-NE) peak period. Over the past several years, the value of this ICAP tag has increased. Last year, because we were able to shed over 4 MW of electric load, Dartmouth’s ICAP tag credit was over $1 million.
The tricky part of this effort requires Dartmouth’s FO&M team to estimate – based upon weather and monitoring the ISO-NE website – when the peak demand day will occur. Frank Roberts, the Associate Vice President for FO&M, or Abbe Bjorklund, the Director of Engineering and Utilities, makes the call on when to invoke the following protocol actions:
- The Power Plant generates more of its own electricity, relying less on electricity provided by the grid. Generating more steam to generate more electricity at the plant costs more in oil, but saves even more in electricity costs as a result of the ICAP tag credit.
- Steam absorbers in the McLaughlin cluster chiller plant are started up, and electric chillers shut down to reduce our electric load and increase our steam load.
- Throughout College buildings, FO&M employees shut down or set back equipment to use less electricity. This may include shutting off non-essential air conditioning, lighting and other equipment.
Managing the campus electricity load on peak summer days is a terrific team effort amongst FO&M staff and building occupants across campus. In addition to saving the College money, by limiting the New England electrical grid system peak load, we reduce the need to build and operate expensive, fuel burning electric generating plants.