Companies can cut costs by addressing common electricity supply issues
These opportunities typically relate to hidden or obscure charges on electricity invoices, but should not be overlooked.
Electricity contracts come in many different varieties, from very simplistic single rate tariffs, day/night split tariffs, to complex tariffs with many of the (normally) hidden charges split out.
Understanding your electricity billing structure is key to the four energy/cost saving opportunities below.
How Can You Cut Costs?
Common areas for savings include:
- Voltage Optimisation – It is estimated that 90% of sites in the UK are operating at too high a voltage, and therefore could benefit from voltage optimisation. Voltage optimisation reduces electricity consumption, costs, and carbon dioxide emissions, whilst also protecting your electrical infrastructure from poor quality power and spikes.
- Load Management – Load management is simply shifting electricity consumption away from the times of day when electricity is most expensive to the times of day when it is cheapest. The implementation of load management can be complex to manage, and depends heavily on the current electricity tariff of the site.
- Power Factor Correction – Power factor is a way of describing how efficiently electrical power is consumed in an AC circuit. For many industrial firms that utilise large motors, drives, and other inductive loads, a poor power factor can be a serious issue that can increase the cost of their electricity bills through reactive power and supply capacity charges, as well as reducing equipment longevity. Power factor correction can help solve these issues.
- Agreed Supply Capacity – The agreed supply capacity (ASC) is the amount of electricity that the Distribution Network Operator (DNO) is required to make available for your site, measured in kVA (kilovolt-amps). It represents the maximum amount of electricity you can draw from the grid at any one point without incurring extra charges. For many companies their ASC is inappropriately sized, either due to expansion of the business causing an increase in consumption, or a change of site activity or ownership reducing consumption. Sizing a site’s ASC correctly can save a company a significant amount of money on electricity bills.
Speak to a member of our team today if you have any concerns about your electricity supply or bills. Envantage are happy to discuss your bills with you to discover which of these opportunities apply to your business.
Start Saving with Envantage
Work with us to benefit from our expertise and reduce electricity supply costs.
Envantage have extensive experience with the assessment of energy invoices, consumption patterns, power factor, site voltage, and other aspects of a site’s incoming electricity supply.
We also offer ENMAT, a monitoring and targeting (M&T) system that can be used to monitor the electricity consumption of your site on a half hourly basis. Staff can use this information to track energy consumption patterns, power factor, and maximum demand. Having access to this kind of granular data can help companies identify many energy saving opportunities throughout their business.
To identify the best course of action, and realise significant energy and cost savings, call Envantage today on 0800 054 2577 or email firstname.lastname@example.org.