Direct Energy Business
Market Data For Your Home Contact Us

Beyond Price: 3 Ways Businesses Can Save on Energy

read | Share:

With energy purchasing decisions, pricing is always a factor — but it shouldn’t be the only factor.

Energy purchasing is about more than figuring out your supply, it's also about reducing your demand through a Total Energy Management approach. That's why it's important to choose a supplier that offers real cost-saving energy services like real-time data analytics, demand response programs, portfolio management and more.

Here are some different ways your business can potentially save on energy costs.

1. Real-time Data Analytics

Now more than ever, businesses have access to cutting-edge technology that helps them better understand their operations while pinpointing energy waste.

Panoramic Power – which analyzes 5 billion data points per month and counting – offers large businesses a device-level energy management solution. The wireless sensors clip directly onto circuit wires, capture device level data in real-time and process the data in an analytics platform. The technology is estimated to help save 12 percent for businesses through energy and operational insights, allowing operators to see how they can become more energy efficient, how their equipment is functioning and how they can improve their overall business operations.

2. Demand Response

In 2014, the Electric Reliability Council of Texas (ERCOT) experienced unprecedented peak electricity demand. However, the grid operator — which manages three-fourths of the Lone Star State's electricity grid — was able to successfully curb peak power demand within a matter of minutes. 


Through Demand Response. In two specific instances, Demand Response provided more than 600 megawatts (MW) of electricity to the power grid within 45 minutes.

Demand Response is a load management program that pays participants to reduce electricity usage during periods of peak demand across the system. With the Direct Energy Business Demand Response program, large businesses can earn potential monthly income by curtailing their electricity usage during specific times of significant stress on the grid. 

3. Portfolio Management

You’ve got more important things to do than worry about every detail of managing your energy purchases. After all, energy markets can move quickly, making it difficult for businesses to track. 

An experienced and trusted energy provider can arm you with real-time market information and a team of in-house professionals to help you make informed energy decisions for your business. 

For more information on how a Total Energy Management approach can benefit your business, read this Excela Health case study.

Posted: May 06, 2016