Sometimes energy bills can be like an unnoticed hole in your pocket. Those bills may be costing you more than they should, and if you let errors go unchecked, it’s like money falling out of a hole in your pocket. That’s why bill verification pays.
This week, I had the pleasure of presenting a webinar to the members of the Retail Council of Canada on challenges retailers are facing with managing their energy consumption and how data and technology can help them get control of their energy costs.
It’s been a long, beautiful summer and now it’s time to get back to the books. To help you ace energy management, we have boosted our library of resources including Ebooks, infographics and webinars, to help you find ways to save energy.
Maintain a power factor above 90% and there’s no harm and no foul; fall below, though, and you’ll find yourself sitting in the penalty box. And the worst part is that no one even told you that you’re in the penalty box, how you got there and what your penalty will cost you.
For Class A customers who want to save on energy costs, it’s a bit like whitewater rafting: the rest of the summer could be a gentle downward drift of the mercury or a series of dramatic temperature spikes like shooting a Class V rapid.
Building a sustainable energy management program, with tangible goals, that extends beyond capital infrastructure investment, is equally important in the ongoing effort to reduce energy consumption and benefit from lower energy costs. We decided to do a quick and simple “meter reading” on how (or if) companies are approaching energy management.
A successful recipe can be put out in a multitude of ways. In manufacturing there will be one optimal way to produce something with the least waste, time and effort possible. An Energy Management System leverages technology to manage energy usage and costs without negatively affecting production.
“You can’t manage what you can’t measure.” In order to effectively manage your energy consumption, you first need to understand how you’re using energy. Knowing your consumption will enable you to measure and benchmark your usage, set realistic goals and implement best practices for saving.