SOLAR & TARIFF RATES
In the past decade, commercial businesses have implemented a range of energy efficiency measures. The goal behind these initiatives is a reduction in energy, measured in kWh. While these initiatives have certainly been successful, the easy ones have long been implemented, leaving more expensive and complex solutions to generate further savings. But ultimately these measures don't tackle rapidly rising demand charges, measured in power and kW — the other significant cost component of commercial ratepayers’ electric bills.
Many businesses consume electricity in peaks and spikes as high-powered electric devices cycle on and off. These spikes cost commercial and industrial businesses dearly in so-called demand charges. These are based on the flow rate of electricity, not unlike cable or DSL providers charging more for faster internet service. Demand charges are measured and assessed in kW, not kWh, and are based on the highest demand sustained at any point during the billing cycle. These fees have rising sharply over the past few years and can make up between 20% and 70% of a ratepayer's monthly electric bill.
Power efficiency solutions, pioneered by Green Charge Networks, solely focus on reducing the demand in kW. Our innovative, proprietary software and energy storage solutions intelligently coordinate electric demand with supply on a second-by-second basis. These solutions take a distribution-wide approach from the electric utility to the commercial facility and offer a long-range solution to the ever-growing demand for energy.