Enhancing Demand Response Access in Rental Housing Markets
Partnership Aiming for Inclusive Demand Response Solutions
E Source and Tierra Resource Consultants are teaming up to reinvent the approach to demand response (DR) programs, specifically targeting underserved rental housing markets. This partnership is focused on creating a more inclusive framework for utilities and technology providers.
Expanding Demand Response Programs
The initiative is set to produce a comprehensive national framework alongside territory-specific strategies that will empower utilities and technology providers to design effective DR programs. These programs are tailored to meet the needs of various stakeholders in the rental market, such as property managers, landlords, and developers.
Addressing Gaps for Renters
Filomena Gogel, President of E Source's Research and Advisory unit, highlights a crucial challenge: "Renters, particularly in multifamily dwellings, have long been excluded from demand response programs." The initiative seeks to fill this gap, establishing a solid framework that targets this overlooked market while providing actionable recommendations for utilities.
Unlocking Potential in Rental Housing
Currently, demand response offerings primarily cater to single-family homeowners. As rental housing becomes increasingly prominent, there’s a unique opportunity for utilities to extend their DR services to a demographic that has been underrepresented in these initiatives.
Smart Thermostat Opportunities
According to Tom Hines, Principal at Tierra Resource Consultants, renters constitute a significant untapped resource for smart thermostat demand response. By extending these programs to renters, utilities can both enhance their customer engagement and modernize their DR portfolios.
Comprehensive Research Framework
The forthcoming study will integrate numerous elements, including national and utility-specific analyses that profile the market for smart thermostat DR in rental housing. This will involve detailed research with property managers and technology providers to identify and overcome obstacles related to technology adoption and program structure.
Collaboration for Impact
This collaboration emphasizes a unified strategy for success in energy programs. By merging their expertise in demand-side management and market insights, E Source and Tierra Resource Consultants are dedicated to designing programs that are effective and sustainable.
Webinar to Launch the Initiative
As an initial step, the two organizations will hold a webinar titled "Expanding Smart Thermostat DR in Underserved Rentals." This event aims to bring together utility managers, DR planners, and technology providers to discuss the study, share initial insights, and outline the benefits for participating stakeholders.
Understanding the Organizations
E Source is recognized for its innovative customer and grid solutions that empower utilities to leverage data in making informed decisions. With teams distributed across various locations, E Source continues to develop its approach to enhance both customer experience and operational efficiency.
Expertise of Tierra Resource Consultants
Similarly, Tierra Resource Consultants specializes in deploying strategies for load management and energy efficiency. Their strategic collaborations with utilities and agencies focus on designing solutions that meet contemporary energy challenges.
Contact Information
For inquiries, interested parties can contact Adarsh Nalam, Director of Solutions Marketing and Communications, directly through email. Alternatively, Matthew Joyce, Director at Tierra Resource Consultants, is also available for discussions regarding the initiative.
Frequently Asked Questions
What is the goal of the partnership between E Source and Tierra Resource Consultants?
The partnership seeks to create inclusive demand response strategies specifically for utilities and technology providers targeting underserved rental housing markets.
Who will benefit from the demand response programs?
Property managers, landlords, and renters in multifamily and single-family rental properties will particularly benefit from these targeted programs.
What is the significance of smart thermostats in this context?
Smart thermostats represent a critical opportunity to engage renters and modernize demand response offerings to include a previously underserved demographic.
How will the success of this initiative be measured?
The initiative will assess its success through market research, actionable strategies, and program participation metrics.
How can utilities get involved in this initiative?
Utilities can participate in upcoming webinars and collaborations to learn more about the study and how to effectively implement demand response programs.
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