Read on to learn how your peak load contribution is determined, why you should care, how to fully capture the value of PLM, and how you can start actively managing your peak load. Through conscious management of your load, or Peak Load Management (PLM), you can clip these peaks and significantly reduce your electricity costs, both in the current period (delivery) and during the next capacity period (supply). This peak kW, or peak load contribution / capacity tag / cap obligation (various names depending on market), can comprise up to 50% of your supply bill and more than 30% of your total electricity bill (supply + delivery). The right strategy will depend on your territory, use type, and budget.Īs a consumer of electricity from the grid, you pay for both the actual energy you consume (the kilowatt hours) and the amount of energy that needs to be available to serve your account based on your peak load (kW demand). Peak load managment strategies range from low cost operational (pre-heating/cooling to avoid peak hours) to capital intensive projects like battery storage, and much in-between. How can I actively start managing my peak load? The higher your peak load contribution, the more capacity you need to purchase, and the higher your $/kWh price will be (all else equal). Why should I care about peak load management? Peak load management is the process of reducing demand for electricity during peak hours, which can result in significant cost savings.
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