PG&E and Olivine’s innovative digital transformation approach optimizes integrated technologies to achieve resource efficiency.
Olivine is assisting PG&E with implementing the Demand Response Emerging Technologies (DRET) Residential Digital Rate Study and managing the DRET Virtual Power Plant (VPP). As two of multiple DRET programs in California, these programs fund research on innovative technologies, software, and products that can enhance demand response participation and grid reliability.
For the DRET VPP, Olivine is the implementer for an aggregation of DR resources in PG&E territory with nearly 20,000 residential accounts and at least 500 kW of solar and storage. Olivine’s DER™ platform manages the digital form of bundled electric rates and delivers those prices daily to authorized third parties for the DRET rate study, while also providing enrollment validation and confirmation for the program’s residential accounts in the DRET VPP.
As part of the rate study, Olivine developed a price-optimized load shifting model that sends digital rates, created by integrating smart meter data and modeling complex rate tariffs, to end-use devices – freeing customers from having to manually update their rates. Participating third parties utilize this pricing data to accomplish price-optimized load shifting to provide different services such as customer bill savings, grid services, rewards earnings, and carbon footprint reduction.