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Electrical service optimization can reduce the overall cost of electricity by optimizing electricity purchases into the best combination of low energy cost and fixed monthly charges from the utility supplier.
How it works
Buildings rarely serve exactly the same purpose throughout their useful lives. Changing uses may require changing the portfolio of electric supply options. However, even if the building use remains the same, electricity cost and consumption do not. For example, electricity use today compared to a decade ago is much higher due to the changes in how we work, such as brighter lighting and the adoption of computers in most workplaces. By consolidating meters (and therefore accounts) as well as controlling electrical usage we can reduce the amount of electricity used in a building.
An analysis of a buildings electrical consumption and daily variation in peak demand – compared to its current cost – can quickly highlight viable account structuring alternatives. A sound strategy should consider fuel conversion (electric to gas), load shedding and sub-metering to ensure that any change in the electricity service achieves a minimum cost without adversely affecting building comfort and usage.
Benefits
Electrical Service Optimization (Metering)
What it isElectrical service optimization can reduce the overall cost of electricity by optimizing electricity purchases into the best combination of low energy cost and fixed monthly charges from the utility supplier.
How it works
Buildings rarely serve exactly the same purpose throughout their useful lives. Changing uses may require changing the portfolio of electric supply options. However, even if the building use remains the same, electricity cost and consumption do not. For example, electricity use today compared to a decade ago is much higher due to the changes in how we work, such as brighter lighting and the adoption of computers in most workplaces. By consolidating meters (and therefore accounts) as well as controlling electrical usage we can reduce the amount of electricity used in a building.
An analysis of a buildings electrical consumption and daily variation in peak demand – compared to its current cost – can quickly highlight viable account structuring alternatives. A sound strategy should consider fuel conversion (electric to gas), load shedding and sub-metering to ensure that any change in the electricity service achieves a minimum cost without adversely affecting building comfort and usage.
Benefits
- Lower overall costs and simplified accounting by consolidating multiple fixed monthly account charges into less more controlled accounts
- Better awareness of optimal lifecycle investment as it pertains to mechanical and electrical systems
- Centralize the reliability of electrical service. In the case of high-rise apartments, this can achieve a reduction of building costs for the owner as well as a more consistent (and less troublesome) rental agreement for the residents
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