Why Your Business Should Sign-up for our Peak Demand Notification Program
With summer on the way, energy consumption needs to be a priority for business owners, not only to slash your monthly electric bills but also for long-term savings.
Reducing your company’s consumption when the regional electrical grid experiences peak usage can drastically alter how much you’re paying for electricity. And the best way to make sure you’re maximizing these potential savings is through our Peak Demand Notification program, which kicks off annually June 1st.
Peak demand hours are the times when usage on the regional electrical grid is at its highest, which is during heat waves and cold snaps. Although these extreme weather periods are short lived, during these times prices are often highest and can make up a significant portion of a commercial and industrial customers’ total electricity bill. Also, and more importantly, these are times when businesses are assigned their electricity capacity tag, which allocates their share of total capacity costs for the region. Fortunately, this cost can be managed.
But if you don’t know when it is, you’re operating in the dark. That’s where we come in.
Here’s how it works:
You sign up on our website to receive the most up-to-date peak demand data available. We notify you 24 hours in advance for high probability peak demand events, and send a follow-up email the morning of the forecasted peak demand to confirm or call off plans to reduce usage.
We will help you outline a strategy to curtail your energy usage during this time. It may include, but is not limited to adjusting thermostats, reducing lighting, unplugging or turning off machinery, unplugging or turning off electronics, or even some cases, altering work schedules to realize huge savings.
If you follow our plan, you’ll reduce your consumption at these critical times, which creates the opportunity to reap significant savings. And the best part is that there are many ways in which savings are possible with Patriot’s Peak Demand Notification program beyond temporary usage reduction. Most of the possible savings are long-term.
Reducing usage during peak events can dramatically lower capacity costs, which can make up more than one-third of an electricity supply bill. Capacity charges are essentially insurance payments required from every electricity user that keeps electricity flowing over the grid during the most extreme periods. The amount of these fees is determined during peak events when each business is designated a unique capacity tag. Therefore, by curtailing usage during these Peak Events, you increase the chances of significantly reducing your capacity tag, which in turn lowers future capacity costs.
However, if you aren’t aware of these times, you won’t be able to plan your usage reduction and you’ll be missing out on significant savings. So sign up today and start saving!