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Power efficiency & Energy Storage: Next Frontier in Savings

Power efficiency & Energy Storage

DEMAND CHARGES

SOLAR & TARIFF RATES

In the past decade, commercial businesses have implemented a range of energy efficiency measures. The goal behind these initiatives is a reduction in energy, measured in kWh. While these initiatives have certainly been successful, the easy ones have long been implemented, leaving more expensive and complex solutions to generate further savings. But ultimately these measures don't tackle rapidly rising demand charges, measured in power and kW — the other significant cost component of commercial ratepayers’ electric bills.

Many businesses consume electricity in peaks and spikes as high-powered electric devices cycle on and off. These spikes cost commercial and industrial businesses dearly in so-called demand charges. These are based on the flow rate of electricity, not unlike cable or DSL providers charging more for faster internet service. Demand charges are measured and assessed in kW, not kWh, and are based on the highest demand sustained at any point during the billing cycle. These fees have rising sharply over the past few years and can make up between 20% and 70% of a ratepayer's monthly electric bill.

Power efficiency and Power Efficiency AgreementSM (PEASM) solutions, pioneered by Green Charge Networks, solely focus on reducing the demand in kW. Our innovative, proprietary software and energy storage solutions intelligently coordinate electric demand with supply on a second-by-second basis. These solutions take a distribution-wide approach from the electric utility to the commercial facility and offer a long-range solution to the ever-growing demand for energy.

Electric Utilities

The commercial energy consumption market is vast and growing, generating some significant capacity problems for electric utilities to meet daytime peak demand. The transmission and distribution grids cannot scale up fast enough, despite billions of dollars spent on infrastructure upgrades. Additionally, utilities typically only use a fraction of their total grid assets and power up to more than 95 percent of capacity on a handful of days when demand is peaking.  This is expensive and unproductive.

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Commercial facilities

Businesses are faced with ever-rising electricity bills. Between rates rising by more than 37 percent and the sharp increase in demand charges, commercial rate payers are highly motivated to find ways to reduce the bill. As many have already implemented a range of energy efficiency measures focused on reducing kWhs, Green Charge Networks offers a new wave of energy savings options by reducing kW demand. These solutions take energy savings to a whole new level by adjusting the way electricity is used, rather than how much of it is used. Read More +

Download Free Case Study

Read how electric utilities can use software to meet growing demand, while saving significantly.

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What Are Demand Charges?

Learn more about “the other” cost component of commercial energy bills.                                                                            

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