Smarter energy strategies for cost control
Process and Manufacturing facilities are vulnerable to energy market and regulatory changes, especially if they are operating round-the-clock. A sound decision making framework for energy technology and efficiency optimization, as well as a well-structured energy procurement and load management strategy – all supported by industry leading, deep energy expertise – is critical for long-term cost control.
Best Practices
The prominent ways that MUSH sectors can achieve their objectives are:
- Energy procurement strategy based on deep market understanding that is underpinned by fundamental and technical market analysis, which allows for superior financial and risk management.
- Data analytics drive energy consumption evaluation to identify operational & energy efficiency improvement opportunities to drive long-term cost savings.
- Opportunistic implementation of behind-the-meter technologies such as generation and battery storage to support long-term cost control and savings along with enhanced resiliency via effective peak load management.
- Improved accuracy in energy forecasting for precision in budgeting.
- Ongoing view of energy markets and regulatory updates with continuous optimization of strategy.
