On the flipside, a TOU rate schedule may not pencil out if most of your facility’s energy consumption happens during on-peak hours when demand and energy charges are higher.
Spring Clean Your Rate Schedule.
So, when was the last time you dusted off your rate schedule and took a good look?
Utilities typically update their rate schedules on an annual basis, so it may be time to compare your business’s current schedule with any utility updates that have occurred. It is possible to switch rate schedules if you find one that will save more money.
We are currently working with a business whose energy manager conducted a comparative analysis on their facilities.
Going case by case, they determined that switching the majority of their facilities from a Time-of-Use (TOU) to a flat-rate schedule allowed the organization to optimize their energy savings.
Your business may not have a dedicated energy manager to take on this kind of project. If that’s the case, contact your utility account manager and request a comparative analysis.
Considering an On-site Solar System? Keep that Rate Schedule Handy.
Let’s explore the comparative analysis we recently ran for the above-mentioned organization when they decided to integrate on-site solar into their long-term energy strategy.
When comparing a single facility’s electric bill, it’s clear that the TOU schedule saves nearly $500 more than the flat-rate option.