Energy 101: Electric Cost Components
Your electric rate is composed of various components that together make up the total cost of electricity.
Your electric rate is composed of various components that together make up the total cost of electricity.
If you live in the Northeast, you’ve certainly experienced a summer heatwave. On these days, commercial and residential buildings all have their air conditioning units on high. This increases the amount of usage and demand for electricity on the grid. When these heatwaves sustain for multiple days, the grid eventually reaches its highest amount of
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
Summer is officially here and with that comes heat and more electricity usage for your business. Did you know that curtailing your usage on certain summer days, for only a couple of hours can reduce your annual energy spend? – That is why it is very important to look at when your energy is used.
You may hear your Energy Advisor refer to the ISO – Independent System Operator. The ISO is a non-profit organization authorized by the Federal Energy Regulatory Commission (FERC) responsible for managing and operating the electric grid for a specific region. At Best Practice Energy we serve various ISOs, including: ISO-NE – New England
Through strategic curtailment, you can significantly reduce your capacity rate and, thus, your entire electricity bill!
Watch our webinar to learn about capacity or electricity demand, the second largest portion of an electricity price.
How one manufacturer reduced their capacity tag by over 90% with a proactive & tailored peak management strategy!
A capacity pass through strategy presents many opportunities including the ability to curtail your demand.
Capacity is a component of an electrical supply price that can be strategically managed down in order to lower its cost.