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One Size Doesn’t Fit all for Energy Cost Reduction

Many components contribute to your electricity bill and rates are just one. Optimising and reducing your energy costs is a little like setting up a high-performance race car to take the chequered flag at Bathurst. All the components from fuel, tyres, transmission, engine, tuning, carburettor, and suspension need to be set up just right to work together seamlessly to achieve the best results.  Let WiseUp Energy Solutions put you in the driver’s seat to understand, manage and reduce your your energy costs. Book a chat with WiseUp here https://calendly.com/wiseup-sharon/book-a-chat

Here are 7 ways to save.

Network Tariff Optimisation

Network Tariffs are charges that are passed on to fund the poles and wires required to deliver electricity to your business. These costs account for over half of your energy bill! Ergon and Energex (Qld) have a range of tariffs and your default tariff may not be best suited to your business.  

Your Tariff determines how you are charged, whether that be a flat rate, a time of use tariff or a demand tariff. 

Changing Tariffs could save you real money.

Demand Management

Did you know that if you are on a Demand Tariff, the maximum peak of your energy usage within the set demand times is used to calculate your demand charges for the month?

Managing your demand may require a two-pronged approach.

  • Energy Efficiency.
    • Look for ways to reduce consumption
    • Replace older energy inefficient machinery with newer technology
  • Load Management.  The way in which you use energy can make a big difference to your bills at the end of the month.
    • Can you change the timing of your operations to avoid or reduce peak usage in demand times?
    • Can you spread out the times of turning on high-energy use machinery rather than turn them all on at once?

Metering

Your electricity meter measures your consumption.  The data from your meter is passed onto your retailer to calculate your bill and onto the network to calculate network charges.  There are different types of meters, and the type of meter determines how much and how frequently your consumption data can be captured. 

Can you answer these questions about your metering?

  • Am I paying ‘value added charges’ for metering?
  • Do I know how much these value-added charges are?
  • Do I have access to my metering data?
  • Do I understand the importance of this data?

If you can’t answer all these questions with confidence, there may be savings to be had and smarter ways to use your metering data.

Power Factor

Power factor

Did someone say beer? Cheers.

Who would have thought we would bring beer into a conversation about reducing power bills?

Put simply, Power Factor is like the froth on top of your beer. The more froth, the less actual beer in the glass.  If your power factor isn’t right, you are paying for a lot of froth and not getting as much beer, or more to the point, you are not effectively consuming the incoming electricity supply to your business.

Power factor is expressed as a percentage with a higher percentage representing a better power factor than a lower percentage. For example, if your power factor is 99%, you are getting 99% beer and only 1% froth. If your power factor is 75% you are paying for a lot of froth!

So, what can you do to get more beer?

Power Factor Correction equipment can get you more beer.  You will need expert help to analyse your Power Factor and determine if the ROI for Power Factor correction makes sense for your business.

Voltage Optimisation

Did you know that the average voltage across Australia is 247 volts, and that most electrical equipment is designed to operate at 220 volts?

Excess voltage is dissipated as heat and is wasted and, worse still, shortens the lifespan of your equipment. Solar inverters are particularly sensitive to voltage and will trip if they are supplied with over voltage.

You can save up to 15% on your energy consumption by optimising your voltage!

You will need expert help to analyse your voltage data and determine if the ROI for Voltage Optimisation makes sense for your business.

Solar PV

Installing Solar can make so much sense for some businesses but may not have the same impact for others.  We have found that a lot of business owners are overwhelmed when it comes to solar.   They may have received multiple quotes, each recommending different sized systems with wildly different prices amongst the quotes.  Sadly, for some business owners, it all becomes too hard and they don’t’ proceed. 

Before you sign a Solar Contract.  Make sure that

  • Your solar provider is requesting and analysing your usage data for the last 12 months
  • Your solar provider understands how your business operates. Is it 5 days a week or 7 days a week?  What times of day do you use energy?
  • You have the data to calculate ROI for buying solar outright and for any offer of a Power Purchase Agreement (PPE)
  • You will have access to data analytics for your inverter
  • You are buying quality components with great warranties
  • You are dealing with reputable sales and installation companies who have proven after-sales service

Energy Procurement

We have left this to last to make the point that to lower your business energy costs, there are many more levers to pull than just calling up your favourite broker or retailer and asking for their cheapest electricity rates.

Electricity rates are important, but it is critical that you have a partner working with your business who has their eye on the bigger picture and is not just after a quick sale.

Questions you should ask when you are buying energy.

  • Are you paying hidden commissions and brokerage fees?
  • Do you know the importance of timing the market and having a procurement strategy?
  • Are you providing the Retailers with enough information so they can manage their risk and offer the very best rates?
  • Do you have access to the right people within the retailers to discuss and negotiate rates?
  • Do you have insight into wider market trends to inform your purchase?
  • Can you call anytime and speak to a real person about your contracts or any other general aspect of your energy costs across the board?

Relax, WiseUp has you covered. We work with our Retail partners to secure the very best rates that are not loaded with commissions.  You pay a fee for service and get full visibility of all costs to procure. We are experts in the energy ecosystem and know all the tips and tricks to get the very best rates and we just love saving money for our clients.

Oh, and we can also help with Tariff Optimisation, Demand Management, Metering, Power Factor, Voltage Optimisation, Solar PV and electricity and gas procurement. The first step to empowerments is to book some time with WiseUp to find out how we can help your business. Make a booking here https://calendly.com/wiseup-sharon/book-a-chat