Cutting costs on your energy usage when you’re in a manufacturing facility can feel like an exercise in futility. You need to expend energy in order to create your products, and there’s only so far that technology can take you in implement more energy-efficient measures. According to the US Department of Energy, the industrial sector uses approximately 33% of the total energy consumption in the United States, making it the biggest user of energy, ahead of transportation, residential, and commercial segments. A few of the bigger players in the industrial field are companies who are engaged in processing raw materials into products that are not finished goods but that other manufacturing facilities will use to further create products, such as chemical production, petroleum refining, and metal smelting or refining.
There are several sources of energy that industrial plants rely on, some of which are primary sources of energy and others of which are secondary sources of energy. Primary sources of energy include petroleum, natural gas, coal, renewable energy, and nuclear electric power, while electricity is a secondary source of energy.
If you are relying on electricity as part or all of the power source for your industrial plant, did you know that you might be able to get your electricity for a cheaper price? It might not be a matter of cutting production or waiting for newer, more energy-efficient technologies to emerge. What if, instead, you could keep on supplying full power to all your processes, but acquire that power at the lowest cost that’s available on the market? You might even be able to increase production while saving money on costs.
Here’s how it works. Sometimes, power plants produce more electricity than they need. When this happens, they sell the surplus. Who buys surplus power? Often, it’s other power plants. Let’s say that Alaska produces far more energy than it needs. (Alaska is the biggest producer of surplus electricity in the United States.) Other states, rather than going to all the work of producing all of that power for themselves, can simply purchase some of that electricity at wholesale prices. But did you know that you don’t have to be a power plant to acquire electricity at wholesale prices? Electricity can be purchased on the market by a business, too, but it’s not quite as straightforward as going down to the grocery store and buying a bag of sugar, or even getting a wholesale license and purchasing a pallet of sugar.
This is where your energy consultant comes in. Your energy consultant from Energy Network can not only advise you on how to get your power at a cheaper rate, they can also perform an energy audit and find other places that you could be saving on your energy bills. When you work with an energy consultant, you’ll be getting the best possible choice of what’s available to your industrial plant.
You’re already passionate about maximizing production and profits while cutting down on costs and expenses. With your electricity being such a big part of your bottom line, you shouldn’t stop short of including your power purchase as an item that you look at. An energy consultant can help you to identify where you can save the most, so contact Energy Network today to get connected with a consultant and get started. We look forward to serving you.