You might be looking for ways on how to lower electric bill if you are getting high electricity bills. The good thing is that improving energy efficiency can help you reduce your electricity bills. From installing LED lights to upgrading your cooling and heating systems, businesses can implement a wide range of strategies to lower their electricity bills and at the same time improve the value and reduce their operating costs. Other effective solutions include sealing and insulating, improving the quality of supply and power factor correction. This doesn’t mean that you should change some of the expensive assets. However, before you act, you need to understand your energy profile to know the energy reduction strategies that will suit your business needs. You can get all this from energy management systems. Here are some ways you can benefit from energy management systems for your business.
Know your energy needs
An energy management strategy will help you understand your energy consumption patterns. You will know when you are using your energy intensely and what kind of equipment and processes are contributing to this. This can enable you to pinpoint your energy waste with data analytics. When you know your energy needs, you will know the necessary actions to take to reduce consumption and increase efficiency. Hence, the reduction in your consumption of electricity will transform costs into savings. This will better your consumption patterns. If you want to know how to lower your energy bills if your business has operations in different locations then you need to use energy management systems.
Improve your power factor
An energy management system will show your active and reactive power data which you will need to know and understand your power factor. Power factor is the relationship between apparent and real power. Real power is typically used in your system. On the other hand, apparent power is a combination of reactive and real power. Reactive power can be described as a circulating component between some type loads and the network. And it isn’t converted directly to a work. However, if you are using a tariff that has charges either directly on peak demand or reactive energy, you will still be paying for both the real power and reactive power. The higher the reactive power the higher you will pay for peak demand and apparent power. Power factor is between zero and one and a higher value translates to higher efficiency.
This means that taking control of power factor reduces your electricity bill. Power factor correction electric equipment that supplies circulating reactive energy instead of the network is a cost-effective measurement. Additionally, the lifespan of your equipment will increase because you will be regulating the level of your voltage which is directly related to the lifespan of the equipment.
Reduce your electricity demand charge
If you are looking how to lower electric bill then you should use energy management systems as this will reduce your demand charge. A demand charge is part of the bill where daily charges are determined by the highest energy demand observed during a certain time frame during the day in a specific period.
