Source: Market Watch
REDWOOD CITY, CA, Sep 17, 2012 (MARKETWIRE via COMTEX) — EcoFactor(R), the leading residential energy management company, has announced an agreement with Reliant that enables the retail electricity provider to offer a smart energy management program to help customers save energy, while also reducing load on the grid. To help combat high bills and reduce the risk of grid overloads, both retail electricity providers and consumers need an effective, efficient, and proven way to manage electricity use. EcoFactor and Reliant have teamed up to address this growing need.
“Many of our energy services partners are looking for ways both to increase customer satisfaction and improve the way they manage the demand for electricity on the grid,” said Roy Johnson, CEO, EcoFactor. “Adding EcoFactor to their portfolio of services will help Reliant meet those goals and better manage energy consumption peaks.”
EcoFactor’s service adjusts customers’ thermostat settings automatically to optimize the way they cool their homes. The service reduces the amount of time they run their air conditioning and saves them money as a result. According to data from current EcoFactor deployments, using the service can save customers up to 36 percent off the cost to heat and cool their homes. It can deliver these savings by giving customers access to: