Peak shaving offers several benefits to businesses with high electricity demands, particularly those facing significant demand charges. Here’s how peak shaving can specifically benefit these businesses:
Benefits of Peak Shaving for Businesses with High Electricity Demands
1. Cost Savings
- Reduced Demand Charges: Peak shaving helps lower the highest level of power consumption during any billing period, which is crucial for minimizing demand charges. These charges are based on the maximum power usage and contribute significantly to utility bills.
- Energy Cost Management: By using on-site generation or energy storage during peak times, businesses avoid high electricity rates charged during peak hours.
2. Increased Energy Independence
- Reliability and Stability: Peak shaving allows businesses to rely less on the grid during peak times, ensuring stable operations and reducing reliance on an often-strained electrical grid. This is especially beneficial during outages or grid instability.
3. Operational Flexibility and Predictability
- Strategic Scheduling: Businesses can plan their high-energy tasks outside peak hours or adjust operations during peaks, enhancing operational efficiency and predictability in energy costs.
- Financial Predictability: By controlling peak demand, companies can better manage and predict their energy expenses, avoiding unexpected spikes in their electricity bills.
4. Environmental Benefits
- Reduced Carbon Footprint: Peak shaving reduces overall energy consumption during peak times, which can lead to lower greenhouse gas emissions and contribute to sustainability goals.
5. Market Advantage
- Competitive Advantage: Implementing peak shaving strategies demonstrates a commitment to energy efficiency and sustainability, which can attract environmentally conscious customers and investors.
Suitable Loads for Peak Shaving
- Electric Vehicle Charging Stations: High-power EV charging stations benefit from peak shaving by using energy storage systems to manage peak demand.
- HVAC Systems: Heating and cooling systems can be optimized to reduce energy use during peak hours.
- Energy-Intensive Appliances: Large appliances like water heaters and refrigeration systems can be controlled to avoid peak usage times.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/how-does-peak-shaving-specifically-benefit-businesses-with-high-electricity-demands/
