During peak saving, power consumption is briefly reduced to prevent sudden spikes. This can be achieved by scaling down production or sourcing additional electricity from batteries.

In many businesses, it has been seen that energy consumption varies throughout the day. There are peak levels: off-peak levels, and when there is high electricity demand, it is called peak utility rate, which requires spending a high amount. With a proper technique called peak saving, you can save this rising cost with onsite battery storage.

• How does peak saving function with battery storage?

Implementing a simple concept, you charge the batteries when the electricity rate is at its lowest during onsite storage. To avoid paying prices, those batteries are discharged at the most expensive time of the day. This strategy gives you regular operation and a chance to save money. With the help of peak saving, you get to pay for a cheap one. Through the onsite battery, you get to level out the peak and valley in energy spending, saving a lot of money. However, there are specific challenges that you need to configure so that you can strategically regulate the charging and discharging of the battery without any intervention.

• Alternative to peak saving without battery

You can still implement the peak-saving strategies without onsite storage battery systems.

1. Change the operation hours

You can change the operation hours based on the utility’s electricity charges. During peak hours, you must scale back production; during off-peak times, you must ramp up operations.

2. Be energy efficient

The business can become more energy efficient by updating the old equipment, installing insulation, getting a new HVAC system, and replacing the bulbs with LEDs.

3. Install solar PV panels

Suppose you want to reduce your reliance on the utility grid. Then, install solar photovoltaic panels, where you can quickly generate electricity from the free source of sunlight. This approach would also shift the peak demand hour based on the changing energy landscape. For a long-term concept, solar energy is becoming a viable energy management strategy as with abundant solar energy; you can fulfill the demand charges throughout the day.

• What is the result of peak saving with battery storage and solar power?

When you install solar panels and onsite storage, you enjoy the highest utility bill savings. During the day, you can charge your onsite storage battery systems with solar energy, which you can use to store power for free. Excess charging can occur during the off-peak hour, saving a lot of money. If you need to supply power to the business, you can choose any of the cheapest sources, either the PV panel during the day or the stored solar energy at night. However, you only have to draw electricity from the grid if the panel stops working.

Summing it up

Making your business profitable with peak savings is quite an easy process. You can avoid excessive utility power rates by using onsite storage to create a smooth configuration between valleys and peaks. Also, adding solar PV onsite amplifies supply and reduces grid electricity consumption. To learn more about approaches, check out Inthequeuellc.com.