Upon completion of energy and power plant audits, certain recommendations will be given for cost savings, metering, efficient equipment utilization as well as maintenance, replacement, or substitution of obsolete or inefficient equipment. Implementation of these recommendations would result in massive cost savings over a specified payback period or over the lifetime of the equipment. There are several energy management and conservation options available for businesses, industries, and homeowners.
There are demand-side options as well as supply side energy management plans that can be useful for reducing cost of energy usage in a building. These may be behavioural change plans or technology interventions . For a typical Nigerian business, where cost of electricity and fuels are constantly on the increase, ability to reduce and manage energy usage will result in great improvement in profitability and volumes.
Below are a few demand-side and supply-side plans that can be useful.
- Installation of smart metering , equipment metering and direct load controllers
- Peak load management programs
- Building management systems
- Time of use pricing, demand bidding and frequency regulation
- Generator automation, synchronization with load management
- Generator topologies e.g. topping and bottoming plants.