Aman Hehar

Typically you would use hedging as a strategy to manage risk with your utilites budget, not save money.  You might happen to save money some years, but that’s not why you do it.  In the long run, heding will cost you more.  I’ve always heard Jupiter say this as well.

Humber’s gas consumption has dropped so significantly, it did not make sense to hedge anymore.  We switched to system gas last year.

Hope that helps. Good luck!

Aman

My initial reaction is that there are already a lot of training resources available in the marketplace. I am wondering if investing in this is the best use of our group’s resources.

We can discuss during the next sub-committee meeting.

Humber College Responses below:

1. Have you, are you or will you participate in battery storage? If yes, who is the organization you worked with or are presently working with?

We have had initial discussions and received a high-level proposal from Enel X. We are actively looking for ways to reduce GA costs and battery storage remains one of the preferred solutions. Very interested in hearing lessons learned from other institutions and continuing the discussions with other interested parties.

2. What is your primary motive when working with battery storage?
A) Reduce GA (global adjustment) costs

3. What have been some of the successes that your organization has had when it comes to battery storage?
E) N/A

4. What have been some of the challenges that your organization has had when it comes to battery storage?
E) N/A