With backup generators capable of powering their facilities, many hospitals and other healthcare organizations face an opportunity to earn payments through demand response programs.
Demand response (DR) programs offer incentive payments to large energy users that can curtail energy consumption or transfer electric load off the grid at times when the grid is under duress. Organizations with backup generators can earn higher payments by transitioning large amounts of their facilities’ load off the grid and onto on-site generation without shutting down equipment. In addition to the payments, demand response participants also advanced notification of grid stability issues, enabling them to prepare proactively and protect their facilities from potential power outages.
Below are answers to some frequently asked questions about how organizations in the healthcare industry can capitalize on this opportunity.