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Energy costs are on the rise and commercial and industrial customers are the first ones to notice the increase in their energy bills. It is time to start thinking of solutions to decrease those costs. Second to payroll, energy bills can be the next highest bill companies are paying. Let’s take a look at a few solutions to help lower energy costs for commercial building owners.

 

  1. Historical Usage Data Analysis: To fix the problem, you have to find out how and where the energy is being mainly consumed and lower the consumption.
  2. Efficient Lighting Solutions: With new and improved LED technologies the solutions are broader than ever. Whether it is replacing existing lamps/bulbs with more efficient products, replacing existing fixtures or getting more efficient replacement products for your existing fixtures. Commercial industrial customers can achieve sizable savings through efficient light solutions.
  3. Sustainable Energy Products: Meeting sustainability initiatives is becoming a growing trend for businesses. Installing solar panels or wind technology can help commercial building be less reliant on utility companies. Commercial and industrial customers can also purchase renewable energy certificates (REC’s) or earn revenue generating white tags by reducing demand and increasing efficiency.
  4. Demand Response Programs: A demand response program allows commercial or industrial businesses to generate sizable income by lowering energy consumption during times when supply is low and demand is high on the grid. Simply put: when demand is high for energy, utilities tend to increase prices and the need for power becomes worth paying consumers for. A business can offset the rising fees by giving back to the grid to help prevent brown-outs and black-outs.
  5. Demand reduction strategies: Commercial entities can save on power bills in two primary ways:
    1. Supply side savings – determine how to pay less for energy.
    2. Demand side savings – determine how to use less energy.

 

By reducing peak demand with more efficient lighting, more efficient pumps and other strategic solutions, companies shift habits and can save on electricity bills. For instance, if a manufacturing plant turns on all equipment at 7 a.m. every day, they can reduce consumption by staggering the start times and reduce demand. The lower the peak demand/capacity, the less you pay for power.

 

To save you and your company money, it might be helpful to try these tips listed above to help reduce the cost of those energy bills as well as helping conserve energy. 

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