Most business owners don’t have the time to keep up with it all.
All of these changes have one thing in common. While being confusing at first, with a bit of investigating and the right expertise, these tariff changes can actually benefit businesses. There is gold hidden for those willing to find it.
This is because cost-reflective demand charges will help reduce consumption costs because most of your bill is based on the maximum amount of power you require during a particular time of the day. By making some small changes to when power is used, businesses can drastically reduce their overall costs.
kVA demands are even more flexible. Improving your power factor means you can continue operating as normal but require less power.
Around 50% of businesses could be better off with demand tariffs, but to take advantage you may need to “opt in” to these tariffs. Enlist the help of an industry expert who can determine the cost-effectiveness of any changes for you.
