Manufacturing is perhaps the oldest and most established industry in the United States today. This industry is the fourth largest employer in America and offer some of the most competitive salaries in the country.
The industrial plants and manufacturing facilities that power this industry are some of the biggest and most impressive commercial buildings in the country today, capable of handling impressive feats and developing products at lightning speed. According to statistics from the Annual Survey of Manufacturers, these companies purchase almost 800 billion kilowatt hours of electricity every year. This is a lot of energy, which in turns, means a great deal of cost for these plants and facilities. For most companies this is a necessary evil of operating in this market. However, for select retailers in certain deregulated states across the country, there are ways to cut down on these costs.
Deregulated electricity markets, such as those in Ohio, Pennsylvania, Maryland and Texas, allow their residents and commercial property owners to choose where their electricity comes from. This movement has brought great opportunities for those who manage large industrial plants and facilities and who generate thousands of hours of electricity every year.
Within these deregulated states, there are dozens of independent retail providers who actually supply energy to consumers in their region. The deregulated market has created a rather competitive environment among consumers, opening up new opportunities for commercial property owners to save on their monthly costs.
Most of these providers strive to offer the lowest monthly plans possible, or the lowest kWh rate on their electricity services. Others may focus on offering short-term or long-term plans, options with fixed or variable rates or plans that feature renewable resources. Depending on the individual manufacturing industry, different industrial plants may benefit from different types of services or offerings.
For many, the ultimate goal is to keep rates low, and thus keep overhead low, as operating these high-powered facilities takes a tremendous amount of energy.
Fortunately for those who operate these facilities, the power to choose electricity means the power to dramatically cut these electricity costs. Property owners simply need to take the time to look through not only all of the available retail providers in their area, but through the available plans as well to find commercial energy rates that meet their needs.
There are now shopping platforms available for these consumers that have been developed in an effort to help expedite this shopping experience and to help both commercial and residential customers to find their ideal energy plan.
The deregulated electricity market has brought about a number of opportunities for those in the industrial plant industry to save on their monthly costs. However, due to the potential savings involved, it has also brought about great responsibility for those in charge of these plants? monthly utilities. Fortunately, thanks to the tools and technology available today, these individuals can shop through all of the available plans in a specific deregulated area to find a commercial rate and package that meets their facility’s needs.
Energy and Utility Audits for Warehouses, Manufacturers, Industrial Plants, etc.
Managing energy costs is a concern for many manufacturers. The reason for this is due to the high volume of machinery, appliances and other equipment manufacturers use on a daily basis. This doesn’t include the companies that require electricity 24 hours a day, 7 days a week.
There are many different things manufacturing companies can do to increase their energy efficiency. Upgrading lighting to LED bulbs, or purchasing more energy efficient appliances like freezers or ovens can definitely help. However, investing in a utility audit is a great way to find additional savings.
Finding a company like ours (Eisenbach Consulting, LLC) that specializes in manufacturing audits is ideal. The reason for this is because the auditor will know exactly what to look for in order to get the most in return. Similar to a basic manufacturing audit, a utility audit will focus on the bills the company receives at the end of the month to try and find areas of improvement. The auditor will review this billing information (amongst other things) to determine if the charges are correct. If there are incorrect charges, the auditor can speak to the utility or electricity provider to get a refund. The auditor can also ensure that moving forward, charges remain correct for the manufacturing company.