Energy bill management often falls on low priority for most businesses. Except for a few process-focused companies or those with energy-intensive institutions such as data centres, the electricity bill is typically classified as an uncontrolled, take-it-or-leave-it expense of doing business.
Aside from issues of who controls the thermometer, most management wants to ensure that the lights will turn on and the computer systems will not be disrupted.
So, what are the most efficient strategies to reduce the cost of your power bill? Visit www.utilitybidder.co.uk to learn more tips and facts on managing your commercial and residential utility.
Record the “negawatts” value
Amory Lovins created the term negawatt in 1989 to denote energy saved through conservation or efficiency methods. A quarter-century later, most businesses have not even realised their negawatt potential. However, there are two significant opportunities that we perceive.
For starters, many property owners only consider efficiency until it comes time to modify the structure. However, that belief could lead to missing out on energy bill savings by 10-20%. Simply tuning up equipment pieces a facility could save more energy in the long run.
Improving boiler and chiller efficiency, conducting HVAC diagnostics, and improving the programming of the building management system would help cut energy use. In addition, this “retro-commissioning” technique does not need any capital outlays and has a simple payback time of fewer than two years.
Second, given recent developments in green building, significant capital events like refurbishments or retrofits, which corporations usually do every few decades, present the chance for even deeper savings.
Ret well-designed retrofits can result in energy savings ranging from 20% to 50% with short payback periods. Furthermore, the same techniques that deliver such efficiency provide many other benefits. It includes improved staff health and retention to higher sales and lease-up rates to enhanced brand perception.
Invest in intelligent controls
Controlling when power is required is almost as critical as reducing total energy use. To put it another way, the “shape” of a company’s electrical demand is essential.
Every big corporation in the United States is on a commercial rate with its utility. That rate includes a demand charge—a premium for enterprises that consume a lot of electricity in a short time (rather than using a constant speed). For example, demand charges might account for 30% to 70% of the average amount.
In this case, new technology incorporating the Internet has created huge opportunities. “Smart” devices (such as thermostats that manage the time of climate control or water heaters) can shift specific loads without hurting end usage. It helps knock off demand charges by to 60% and the net power bill by up to 40%.
Smart controls also provide additional perks such as enhanced control over employee comfort (which enhances efficiency). Add to that are remotely analysing energy consumption, equipment performance, and handling maintenance cost concerns.
Participate in on-site renewables, particularly solar PV and battery storage
You know those shining, south-facing rooftops and immaculately kept grass on your company’s campus? They are excellent candidates for solar PV systems.
What about that parking lot? Why not install a battery storage unit in a single parking space? In addition to enhancing your campus’s resistance to power failures, solar-powered batteries may smooth out your energy usage, lowering your demand charge.
That is accomplished by delivering electricity during peak energy demand and recharging when the organisation is not utilising much power.
These systems will now protect businesses from rising retail grid power bills, saving billions of dollars annually. In addition, many major corporations, like Wal-Mart, InterContinental Hotels, and others, benefit from the solar/battery method.
The Best Ways for Consumers to Save for Solar Power Installations
Intelligent controls allow for flexibility in the design of a SP installation. They are able to change the output of their installation based on the weather and other factors in order to maximize efficiency. Solar power installations that have intelligent controls can be designed to produce more electricity during peak hours when demand is high and less during low-demand times. This allows for a more efficient use of resources and reduces energy costs. Intelligent controls are not just used in solar power installations. They are also used in many other industries such as manufacturing, mining, construction, and transportation.
For consumers who are interested in solar power, there are many ways to save for the installation of a system. They can pay with cash, make a payment plan, or sign up for a solar lease. The best way to save money on your solar power system is through a solar lease. A solar lease is similar to renting an apartment without the hassle of moving and dealing with landlords. The monthly cost of your lease will be less than the price of a regular monthly payment over time. Solar leases can be a little tricky and confusing because the benefits of the lease are not always clear. The leasing company will offer certain incentives for signing the lease, such as a low monthly payment.
However, if you don’t read through the fine print, you might not realize that these incentives come with strings attached. Here are 3 things to remember when signing up for a solar lease.
1) The terms of the contract and all incentives will be provided in the brochure.
2) The cost of leasing a system will be less than the price of purchasing one outright.
3) The lease will include any necessary installation, permitting, and inspection costs.
How Solar PV & Battery Storage Can Help Cut Costs For Retailers
Retailers today are struggling to keep up with the ever increasing cost of power. They are also facing a lot of challenges when it comes to their customer experience.
Solar power and battery storage can help retailers reduce their energy costs, improve customer experience, and save money on equipment.
SP efficiency is increasing exponentially with the use of solar PV panels and battery storage systems. With these technologies, retailers can save up to 50% on their energy costs while also improving customer satisfaction levels by offering more convenient payment options and providing better service than ever before.
Solar power is a renewable energy source that is available to us whenever and wherever we need it. It’s a clean and reliable source of electricity with no greenhouse gas emissions. Solar power is a clean and renewable energy source that provides electricity without the use of fossil fuels. SP installations are becoming more popular in many countries, with Germany being one of the first adopters. Batteries are an important part of solar power installations, as they store excess solar energy for later use. This helps to reduce the reliance on the grid for electricity generation, which can lead to lower costs for consumers. Solar PV is also becoming an increasingly popular choice for households, with homeowners installing solar panels on their roofs to produce their own renewable power.
With solar power installations, businesses can reduce their electricity usage by 95% or more. With battery storage, businesses can save money on their electricity bill by storing excess energy for later use.
To Wrap It Up
Company directors can select one, all, or some mix of these tactics. However, monitoring energy consumption—across an entire organisation or simply a single property—is just as critical as managing any other type of operational expenditure.
Energy cost management will become increasingly crucial as utility bills grow. So there has never been a better moment to reconsider an old area of spending.