Power outages can put people at risk, especially when they happen in the winter in a cold climate, or when the lack of electricity disrupts people’s ability to get goods and services that they need for survival. It isn’t just individuals who are inconvenienced when the power goes out. Businesses suffer, too, and the losses can mount up to billions of dollars.
Energy Network offers energy management consulting services that help businesses to save money on their electricity by purchasing it wholesale from the lowest bidder, but what if you can’t purchase it at all because the power is out for a day or two? Would your business suffer if you didn’t have electricity for 24 hours? Don’t be caught unaware if it happens to you. Instead, we recommend that you do two main things: First, make a plan, and second, build a kit for any potential power outage. In today’s blog, we’ll look at the making a plan, and in our next post, we’ll talk about building a kit. Follow these tips to help your business avoid (or minimize) costly production halts because of a power outage.
1. Have a plan
Power outages don’t give you any warning or advance notice. If the power went out right when your cell phone’s battery is about to die, would you be at a loss of what to do? If you don’t have a plan in place before you lose power, you could end up suffering more loss than necessary.
A. Define a hierarchy
The best power outage plan starts with a hierarchy. Define what are the most crucial business operations that absolutely must continue uninterrupted. Then define one or two more layers of tasks and operations that have medium and low priority. Make a plan that allows you to dispense with the least crucial or optional parts of your operation while keeping the vital parts of your business alive. Have tiers in place with different actions that you will take, contingent on the extent and scope of the emergency.
Take the human body as an analogy. In an emergency, your body will do everything possible to preserve the brain and the heart. What is the brain and the heart of your business? Does your power outage plan give the most protection to protect the most crucial parts of your business?
B. Take risk and cost into account
If the grid goes down for a day or a week, you might be able to run generators, but if the power was out for a month, would you be able to keep that up? Calculate the tipping point at which your business will lose more money than it makes by powering your operations through generators. Define the risks to your business, from security threats to lost customers, and make sure your plan covers those factors.
Consult with Energy Network today
Schedule an appointment with one of our energy management consultants to discover ways that your company can both save energy and buy it at a cheaper rate. The overall outcome that we help our customers to achieve is paying less for electricity. Contact us today to get started.