Several factors including weather, the economy, and market conditions impact energy price. Some of the factors are not controllable and other factors are controllable. Customers can influence their power price through various real time energy management tactics like using less energy during peak hours to lower capacity and transmission costs, shift energy consumption to off-peak hours, adjust production schedules to take advantage of off-peak pricing. Customers can also manage day ahead and real time congestions due to generation and/or transmission outages. By taking advantage of the controllable factors, customers can reduce their power costs and increasing their bottom line.
Our Real Time Energy Management System (RTEMS) includes cutting-edge technologies that can show how you consume, manage and buy energy. Our RTEMS can find complex patterns between electric, water, gas consumption, weather changes,and more to identify savings opportunities and reduce the risk of energy expense over-runs. We continuously collect live and historical performance data through on-site technologies. We analyze data to uncover optimization opportunities for your facility’s energy usage for informed decision making. When you sign up for our RTPM program, you will be notified of peak demand times and energy saving tips, such as turning up the air conditioning a couple degrees during peak hours or adjust operation schedules during system peaks. Customers are also notified of major transmission and/or generation outages that drive LMPs very high.
In addition, we offer detailed billing analyses to identify key cost components and relates these costs to the customer facility process. We look for opportunities for savings on the utility bills through different rates and metering positions.
We also identify key energy consumption patterns and demand profiles to develop unique energy reduction techniques. With this knowledge, our customers have the ability to make process changes by implementing energy efficiency projects and rate selections that result in energy savings.