Cool Share Savings Guide
More ways to save energy and earn rebates during peak times.
So what’s new?
The Public Utility Commission of Nevada recently approved some changes (effective June 7, 2013) that affect Cool
These changes were made to what’s called a “tariff rider”, which has been re-named the Optional Load Managemen
Automation Service Schedule* (or “Schedule OLM-AS”). Let’s take a look at what these changes mean for you...
Introducing the New
Cool Share Rebate Plan!
With the revised tariff, a new Cool Share rebate plan goes into affect that gives you even more ways to save compa
to the previous program. Whereas the old program required 12-hour minimum participation before rebates kicked
there was no fixed monthly bill credit (depending on device type), now you get a definite credit every summer mon
with a participation rebate when Energy Events** happen. How’s that for cool? Here’s how it all stacks up:
Incentive Type
Device
Type
Previous
(Schedule OLM)
New
(Schedule OLM-AS)
Thermostat
None
$5 per month in
summer
(per device)
Receiver Switch
$5 per month in
summer
(per device)
$7.50 per month
in summer
(per device)
Fixed Summer
Month Bill Credit
Participation Rebates for
Energy Events
All Cool Share
devices
Energy Rebate
$0.33/hour after
$/kWh
saved x peak
participation in the
energy prices
first 12 hours
How it works:
Participation is easy and automatic – just like before.
Cool Share. Cool Savings.
On the hottest days during the summer months, when The new Energy Rebate calculation is designed to
electricity demand and energy prices are at their highest,better reflect two important aspects of energy
- con
NV Energy may initiate an Energy Event to reduce load servation during times of peak demand – customer
on the electric grid. To fully take advantage of your Cool specific energy savings and real-time energy prices
Share benefits and savings, make sure you participate in on the wholesale market. It works like this:
Energy Events and leave your thermostat settings alone
Energy Saved (kWh)– We look at five eligible days
during an event.
of your electricity use before an energy event day and
Enjoy your fixed summer month rebate.
take an average from the three highest-use days to
With the new rebate plan, active Cool Share customers create your “Customer Specific Baseline”. Energy
will receive a fixed monthly bill credit for each device in savings during the energy event period is the
their home during the summertime (June-September). It isdifference between your actual consumption as
a guaranteed savings, as long as you maintain your statusmeasured by your smart meter during an event
as an active participant of the program.
and your Customer Specific Baseline.
Earn Energy Event Participation Rebates.
Real-time Energy Rate ($/kWh)– Energy prices
You’ll enjoy additional incentives for helping conserve energy
fluctuate regularly and tend to be higher during times
during times of peak demand. Participation rebates
of peak demand. This means that it is more expensive
during Energy Events are now awarded based upon yourto provide electricity during these times and more
individual energy savings performance as measured by cost-effective to reduce electricity loads through
your smart meter*** and multiplied by the actual summer
conservation efforts. As a result, your rebate rate
peak electricity prices. Here’s the formula we now use: increases when energy prices are higher to encourage
reduced electricity use during these times.
Energy Rebate Calculation
Energy
Saved
(kWh)
X
Real-time
Energy Rate
($/kWh)
= Energy
Rebate
If we can answer any questions about the program,
please visitnvenergy.com/coolshareor contact our
customer support team(702)
at 402-1111or via email
at [email protected]
.
Cool Share
Frequently Asked
Questions
How often will Cool Share Energy Events happen?
What do I have to do to receive the new
Energy Events will happen during periods of peak
Cool Share benefits?
Nothing. As long as you maintain active status in the Coolelectricity demand, generally on extremely hot weekdays
from June 1 to September 30 (between 1 p.m. and 7 p.m.).
Share program, you will automatically begin enjoying
the enhanced benefits of Cool Share in June 2013.
Can I save even more energy and money with
Cool Share?
What is required to maintain active status in the
Yes! Save up to 10% on your energy bills year round by
program?
programming your thermostat with efficient settings.
In order to receive all the new benefits, you need to
participate in at least 50% of the Energy Events throughout During the Cool Share season, you can save even more
if you notice an Energy Event is underway. Because
the summer season and your device must function
the new energy rebate calculation is based on wholeproperly to receive event signals. If you have any
house energy savings, you can earn a little more by
questions about your status or equipment, please
avoiding the use of large appliances during an event.
call us at702-402-1111.
Just remember, the most important thing you can do
When will I receive rebate incentives?
to maximize Cool Share benefits is to avoid lowering
The fixed monthly bill credit will be appear as a “Cool
the temperature during an event.
Share Summer Month Credit” on your June, July, August,
and September electric bills. Participation rebates for
Energy Events are calculated and applied to your bill at
the end of the year as a “Cool Share Participation Credit.”
Benefits of
What if I choose not to participate in an event?
Cool Share:
If you’d rather not participate in any single event, please
call us at702-402-1111(for receiver switch customers),
or simply adjust the temperature on your thermostat
(for thermostat customers). Be careful not to do this
accidentally! If you don’t participate, you won’t receive
the participation benefits.
Can I choose not to participate in Cool Share?
Yes, all programs are voluntary. If you’d rather not
participate in Cool Share, please call us702-402-1111
at
and we’ll remove you from the program. However, if you
choose to leave the program, then you won’t be eligible
to receive all of the cool benefits.
For you...in addition to the year round savings you
enjoy with your programmable thermostat, Energy
Events give you the opportunity to save even more.
For the community...by participating, you help reduce
demand on the electricity system when it’s needed
most. This benefits the community by avoiding power
outages and keeping rates low.
For the environment...
energy conservation reduces
the need to build new facilities to meet electricity
demands during peak times. This helps our community
reduce carbon footprint and environmental impacts.
*For complete details on Tariff Rider OLM-AS, visit
nvenergy.com/company/rates/snv/schedules
**During an Energy Event, your home’s temperature will rise no more than four
degrees above your thermostat’s setpoint for no more than four hours. Typical
events are 2-3 hours in duration.
***Your rebate plan may vary if your home is equipped with something other than
the standard Smart Meter. Call us if you have questions.