That a business needs to reduce its energy consumption is indisputable. Organisations are leveraging new technologies and best practices to boost operational and production efficiencies, and thereby drive business transformation. Energy management is an important element of this business process with companies required to understand and optimise their use of energy within their operations with greater transparency before investing in reduction initiatives.
This is especially imperative with Energex introducing the kVA demand tariff from 1 July 2015 in Queensland for large customers, which is expected to increase their operational expenses. The new demand tariff will see electricity network providers charging customers for the power they are supplied (kVA) rather than the power they use (kW). Power factor (pf) calculated as kW/kVA with 100% being the perfect score, comes into play here with poor pf indicating wastage.
How does energy use impact the bottom line of a business operation?
When there is no clarity on energy use patterns within a business operation, it leads to inefficiency and costly wastage, and inability to introduce efficiency measures. This lack of information on energy consumption combined with volatile energy prices increases the company’s risk exposure, resulting in higher costs and impacting profitability.
Energy optimisation begins with the company making the effort to understand their usage patterns and prioritise efficiency initiatives to achieve demand reduction within their operations. Key drivers for businesses to invest in energy management include opportunity for cost savings improving bottom line; financial advantage over competitors helping customer retention; sustainable gains highlighted through operational efficiencies; and the new kVA demand tariff regime.
Iconic Energy’s energy reduction plan
Energy optimisation is a data-driven process; unless the data on company-wide energy use is not collated, studied and analysed, the opportunities for optimisation and demand reduction will remain invisible. How do you cut costs if you cannot see where they are?
Leading power conditioning equipment specialist Iconic Energy has introduced a new energy reduction plan for businesses that helps them gain greater visibility into their energy inefficiencies and understand the financial impact on their bottom line through a comprehensive energy accounting report.
The simple three-step process of Iconic Energy’s Business Plan for Energy Reduction includes:
Be Informed: Understand the new tariff changes and what they mean to your business.
Get Ready: Collect energy data to understand the financial impact and steer future investment.
Take Action: Implement the Business Plan for Energy Reduction.
An Iconic Energy business energy manager will work with the customer to collect and compile their energy billing data as well as half-hourly interval data (for power factor calculation) for the previous 12 months. Iconic Energy’s proprietary software will analyse this data to develop an ‘Energy Charges Forecast Report’, enabling the customer to get clarity on the financial implications of their energy consumption and use the customised business plan as the basis for energy optimisation and demand reduction initiatives in their facility.
Iconic Energy customers have taken advantage of this no-charge, no-obligation service to optimise energy consumption and drive significant cost savings, improving cash flow and profitability. Power factor, for instance, can be improved at a facility by installing power factor correction equipment.
PowerwoRx CPS
The Australian owned and operated Iconic Energy is a specialist provider of power conditioning equipment marketed as PowerwoRx Clean Power System (CPS). Easily installed by any licensed electrician, PowerwoRx delivers immediate benefits for all connected devices, providing power factor correction, surge and spike suppression and electrical noise filtration. The power conditioning enabled by PowerwoRx dramatically reduces operating expenses for the business by saving energy, lowering maintenance costs, protecting sensitive office equipment and extending the useful life of motors and machinery.
As the Australian distributor of PowerwoRx CPS, Iconic Energy equips businesses with the electrical power conditioning capabilities previously available only to big industry and utility companies.
Iconic Energy offers a complete solutions package for businesses encompassing risk/reward calculations, power factor studies, guaranteed designs, engineered products, and after sales support.
Contact Iconic Energy to find out more about the energy reduction plan.