Demand Response Will Lower your Facility Costs

May 30th, 2013

If you’re struggling with high facility costs for your business, it might be time to think outside of the box. One way to do this is by starting a demand response program. Demand response gives important incentives for lowering the amount of power and electricity your company uses, which in turn is successful at lowering your facility costs. Here are some different ways you save on costs by implementing a demand response program.

Lower Utility Bills

The first and primary benefit of demand response programs is that it will lower your monthly utility bills, including gas and electricity. Demand response means you’re using power and electricity less often, especially during peak times, so your bill is going to be lowered. With the fall in utility bills, your facility costs are also going to be lowered. The workload is going to be adjusted during your non-peak hours, which works even harder to lower your bills.

Earning Higher Income

Over time, the result of lower facility and utility costs, is higher income. This benefits you on many different levels. When the lower costs results in higher income, you are offering your business more opportunities for growth and advancement. There are minimal requirements to become involved in demand response, but the advantages are endless. There is also no penalties if some months you aren’t able to reduce the facility costs as much as you like. However on the months when it is a successful program, your costs are lower, and your income is higher.

Less Repairs and Replacements of Equipment

If you take part in a demand response program, you are notified right away if you have fluctuations in voltage. This means your equipment gets repaired much less often, because with the instant notification, you can shut down the equipment in order to prevent a brownout or blackout. Over time, you are not only saving money on your monthly bills, but the cost of repairing or replacing equipment is significantly reduced as well. If your facility faces multiple voltage fluctuations, it will benefit you to a higher degree than others where this is a rarity.

More Incentive for Consumers

One thing companies considering demand response don’t take into consideration, is the incentive to get new customers. By using a demand response system, you’re reducing the amount of electricity and energy used overall. This can actually be an incentive to consumers who care about the amount of energy companies used, because of them being more environmentally-conscious. You can use this to your advantage and further expand your business.

As you can see, there are many benefits to starting a demand response program at your facility. The basic facility and utility costs are decreased significantly, while you benefit from higher income and additional incentives for consumers who care about a company’s impact on the environment.

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