Drinking water systems are huge electricity consumers, mainly due to pumping operations. In these systems, electricity costs represent approximatively one third of the total operating costs. Because of the environmental impact of electricity generation worldwide (coal, gas, diesel), water systems also implicitly contribute to global warming. However, these systems have flexibility thank to water storage structures (tank, reservoirs), and variable speed pumps. Drinking water systems flexibility is generally used to optimize energy costs. Furthermore, this flexibility can also be used to provide an environmental and operational service for the power system, by reducing peak power load and the volume of energy transactions on wholesale markets. Indeed, peak power reduction can be sold by water utilities on electricity markets, preventing the production of an equivalent amount of additional energy. In France, peak hours require a massive use of fossil energy sources, which makes electricity production at these periods extremely expensive, both economically and ecologically. Using a mathematical optimization model, we optimize the management of these peak periods by shifting load at off-peak hours, and selling the reduced energy on the French wholesale energy market. In this paper, we explore the ecological benefits that water systems could provide through this optimization process. We evaluate the CO₂ emissions that can be effectively reduced on three real drinking water systems in France. For these three systems, avoided CO₂ emissions were estimated at 2,190 kg/day for the largest system and 194 kg/day for the smallest one, which is equivalent to the emission of 145 to 1620 cars during 10 kilometers of driving. We also evaluate, based on some hypotheses, the potential for CO₂ reduction from water systems at the French scale.