Energy demand management involves strategies designed to cut back, or curtail, the amount of energy your business uses.
The benefits of Demand Management:
- Saving money
- Reducing air pollution
- Cutting your facility’s carbon footprint
- And , EARNING REVENUE
Demand Side Management (DSM)
DSM refers to initiatives and technologies that encourage consumers to optimize their energy use. DSM includes Temporary Demand Curtailment, Permanent Demand Reduction with Energy Efficiency, Supplemental Energy Supply from Renewables and Energy Storage, and Demand Response (DR) strategy.
DSM has the potential to put the money in your pocket by cutting your energy cost and earning payments from your electric Independent system operator (ISO) under DR. You may wonder, “Why would ISO pay your business money’?
The simple answer is businesses need and demand reliable electricity. It is less expensive for your ISO to work with you, the existing customer, to reduce usage during peak demand periods than to build a facility that may be utilized only marginally during the peak demand periods.
Many ISOs across the country have the Demand Response programs that pay organizations for temporarily reducing energy usage when the grid is stressed or energy prices are excessively high.
This is a win-win situation for both the consumer and the energy system. Consumers can reduce their electricity bills by adjusting the timing and amount of electricity use., and the energy system can benefit from the shifting of energy consumption from peak to non-peak hours
The potential benefits of DSM are two-fold; first, a business can reduce the electricity bills by adjusting the timing and amount of electricity use. Second, the energy system can benefit from the shifting of energy consumption from peak to non-peak hours
Intelligent application of smart IoT controls can improve efficiency, improve comfort, cut energy cost, and reduce demand. Permanent curtailment of demand with EE will help your facility to earn more money from Demand Response Program.