Demand

A surging cost on any business’s utility bill is the demand charge – often making up 50-75% of the utility bill. The demand charge is the highest 15-minute interval of usage within the billing period. For some businesses this is when all of the machines turn on for the 7am shift. For others it hits around 3pm when the sun is the hottest and the air conditioning is working hardest to keep up.

There are many ways to address demand charges – and unfortunately, we can’t just wave a magic wand. However, increasing the amount of data you have on both your consumption and production of electricity can give you insight you have never had before.

If you adjust your shift times by 15 minutes, will that lower the peak? If you are producing your own electricity during peak demand, how will that shave the spike? Is the cleaning crew coming in at 2pm and turning on all of the lights and the sauna?

Every business’ usage profile is unique. There often is not a one-size-fits-all solution. But if you can see your consumption from the beaches of the Bahamas, you are a few steps closer to lowering your energy expenses.

Energy Genie Solar Energy systems include a proprietary SmarterMeter. This allows you to access energy usage data and take control of your energy costs.

Contact us and let’s see how Genie can help your business.

Genie Energy Ltd., (NYSE: GNE, GNEPRA) is a global energy solutions company. We supply customers in the US and Europe with electricity, including electricity generated from renewable resources and with natural gas. Through Genie Solar Energy and Prism Solar, we design, construct and install commercial solar energy solutions. We provide commercial and industrial clients with energy brokerage and consultative services through our Diversegy brand.