25 Aug How to get that next major energy investment off the ground.
We know the story all too well. On one side, there is a need to invest in new technologies to reduce energy costs, as well capture potential new value (DSR, Batteries) but at the same time you need to assess the investments and decide which ones to do. As well as provide the validation for your choices. Which is no easy task.
Why kWh won’t help you
Most companies are used to receiving their half-hourly data about sites in kWh. And you need to understand down to the HH level, as many technologies impact at this level.
Below is a simple illustration of this conundrum. The drawing is not an accurate portrayal of the curves, but is used to highlight the key challenges presented.
So your regular consumption pattern looks something like the green line. This could be an office, where energy consumption kicks up at 7am and drops at 7pm.
In this example, the solar (red line) peaks during the day, the purple line is how much power could be saved if you shut down, and the blue the power from a battery if you choose to use power at this time.
But where to start?
- Which technologies are right?
- Should you use batteries and solar? And if so, when do you charge up, when do you use?
- What’s the expected cost reduction this month? Next month? Next three years?
- And if this is one of my sites, and I have 100s, what does it look like for the rest of them?
Looking at £s makes it much easier
Now let’s look at this world differently. Let’s take the same chart and overlay the £/MWh value.
Having access to this data, dramatically reduces the complexity of the challenge. All of sudden answering the key questions becomes easier. It’s very clear looking at this, when the best time to charge vs produce is, and by downloading the £Mwh data, you could simply work out how much money you might save by installing Solar.
If you have this data for all your sites, both historically and forward looking (for next 3 years), business cases become a lot easier to create and validate.
Utilidex | Hub – making business cases easier
Utilidex has launched the new half-hourly cost view this month, making it even easier to assess business cases, and validate technologies. We knew to answer the difficult questions above, you needed to see your data in £s by half-hour, so have created the industries only platform which combines both your energy commodity costs, plus all third party charges and then distils this to a half-hour cost curve for you site by site.
And with the introduction of our new digital assistant (read more) we’re confident you’ll be whizzing through those business cases and getting to the bottom of the value that’s possible within your estate.