As mentioned in last week’s blog, the ISO defines your capacity costs – Managing your usage at these times is crucial to lowering costs on your bills.
There are steps you can take to curtail your usage during peak demand times (usually the hottest days of the year) so your capacity tag reads a significantly lower number when the snapshot is taken. This lower number is then used in the capacity tag calculations that the ISO uses to define your capacity tax rate for the following year.
BPE’s Peak Notification Service
How do you know when to curtail? – We’ll tell you!
At Best Practice Energy we are committed to ensuring customers have the knowledge and the means to avoid unnecessary costs and reduce their energy budget. In this vein, we offer a complimentary Peak Notification Service to our clients.
We closely follow weather patterns, historical trends, and a myriad of other data to predict when we believe peak times will come. We then inform you via email, text, or call to inform you of these peak demand times with an explanation of what and why we’ve forecasted them so they can implement their curtailment strategy at the right time.
Strategies for curtailment range from more complicated methods like changing shifts or production times to off-peak hours or more simple, easy-to-implement plans like raising the thermostat to reduce cooling demand or turning off machines before or after the peak event.
Since every business is different and has their own KPIs, operations, budget goals, etc. to adhere to, there is no one-size-fits-all curtailment plan. Implementing a plan that is not right for your business can result in disruptions of work operations or lost revenue so it’s vital to have a curtailment strategy that is tailored to your specific business.
With the BPE Peak Notification Service, our Energy Advisors work closely with you to fully understand your goals and daily operations and then help you develop a curtailment plan that can be implemented without disrupting your business while helping you achieve maximum cost avoidance.
Our Peak Notification Service can help customers cut their capacity costs by as much as 30%!
Contact your Energy Advisor today and learn more and how to sign up for our peak notification service!