Right now is the time to look at opportunities in the energy space!
On Friday 5th June 2020 Utilizer presented an engaging webinar on how to eliminate risk and gain long-term savings and cost-effectiveness. Utilizer is a leading energy consultancy, helping Australian businesses achieve game-changing sustainable outcomes.
During these testing times it is all too easy to focus on the immediate problems brought about by the ‘new normal’ of the COVID virus. This can result in businesses missing golden opportunities because these opportunities are ‘not on the radar’.
In this online event, Utilizer talked about the genuine opportunities in the energy space that enables you to get a jump on the competition.
Referencing actual case studies, they showed how you can realise short- and medium-term OPEX reductions by optimising your energy outcomes, with examples of:
Energy procurement – large market gas and electricity forward contracting
Making the most of your meter data
Network tariff analysis and reallocation
Demand and capacity resets
Power Factor Correction
Solar – capex and non-capex options
Sustainable options – green power options in a greener world
Some key take-aways:
It is important to understand your business model and cost structures, in times of uncertainty. It can make a big difference to being able to “keep the doors open” or not.
Understanding the cost of materials is important when negotiating for price reductions with suppliers but how many of us really understand their cost of energy?
Energy purchasers really need to know where to look for cost improvements. Utilizer's presentation and examples showed us that variation in your demand and the allocation of the power capacity by your suppliers can dramatically impact on companies costs.
Schools, Retirement Villages, Kindergartens, Engineering businesses and Manufacturing businesses were some of the real-life examples put forward by Chris Baldwin to Illustrate the need to be aware of how your energy cost is derived.
A surprise to me was that Solar is not always cheaper than re-adjusting your energy sourcing.
Thanks for an interesting and illuminating (pun intended) presentation.