When your business is spread across several places and includes factories, it becomes pretty challenging to control electricity consumption. As per Statista’s report, the commercial sector in the U.S. consumes 1,360,877 (in Thousand Megawatt-hours) of electricity.
Cutting down the power supply of vacant rooms or shutting down systems while not in use are great ways to control consumption, but do not provide much monetary benefit. Thus, it would be best if you had a better solution to manage the rising utility expenses. Luckily, you can do that by following the below techniques.
Understand the energy market
The good thing about the utility rates in the U.S. is that some regions are under state regulation while some areas are deregulated. So, in case your organization is established in a deregulated area, you can take the service of the third-party utility provider and negotiate the rates with them. So, even if you save as low as 1 cent, you’d still be saving much money on the overall bills.
Moreover, in deregulated markets, you get the option between fixed-rate or index rate. Thus, you can thoroughly analyze both rates and can choose the one that suits your needs.
But what if your business falls under the regulated market? In such situations, you need to check whether the state provides off-peak or hybrid peak rates. If your company has 24 hours operations, you’ll be able to avail the benefits of these rates.
Get your own transformer.
Another thing that you can do is to purchase a transformer for the company. It will ensure that you have a regular energy supply and saving costs. You can get a transformer at discounted rates from the utilities. Moreover, you can also select several types of transformers such as high voltage, distribution, or single/ three-phase (must be rated by the National Electrical Manufacturers Association.)
Besides that, you also don’t have to worry about the high cost of repair. The lifecycle of the transformer is 20 to 30 years, and it can increase to 40 years with regular maintenance. Also, the experts at https://www.utilityservice.net/ suggest painting the transformer to control the corrosive effect. Furthermore, it will reduce the chances of rusting due to moisture and air.
Get an energy utilization audit.
Last but not least, you should consider getting an energy utilization audit for the areas where your business is located. The audit will include an analysis of past months, providing you with data that can help you understand which place is consuming the most energy and where you can save more.
In addition to that, an audit will also help to determine the efficiency of the company equipment. So, you’ll be able to upgrade your equipment to maximize efficiency and minimize energy consumption. The errors of meter reading can also be resolved with the help of a yearly audit. Thus, you can save up to 0.5 to 1.5 of annual energy consumption.
The bottom line
Using the techniques mentioned above, you will understand the reason behind the rising utility consumption. You will also be able to control it. Overall, reducing the burden of corporate expenses and increasing revenue.
This is a Sponsored Post – the author has requested this post be shared on Women in Ecommerce – WECAI.org and WE were compensated for sharing.