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Five Ways to Lower Energy Costs

By Jennifer Steward posted 03-18-2015 09:18 AM

  

Lighting. A lighting retrofit is an easy, fast, and permanent way to reduce electricity costs and consumption. Replace outdated incandescent light bulbs with light-emitting diodes (LEDs) or compact florescent light bulbs. Install occupancy sensors so lights will only operate when motion is detected. 

Heating/Cooling. Adjusting the temperature in your manufacturing facility by only a few degrees can significantly lower energy costs. Your local electric utility company may provide financial incentives for upgrading HVAC systems. 

Demand Response. Demand response programs provide opportunities for MTI members to receive payments for voluntarily reducing electricity usage during peak demand times. This also benefits the grid system and the environment. MTI members can reduce consumption by dimming lighting, adjusting thermostats, shutting down equipment, scheduling operations for off-peak hours, or using an onsite generator.

Energy Data Tracking. Consider using an online energy management system that tracks and reports energy costs and consumption, and helps increase efficiencies, reduce consumption, and cut costs. Benchmarking tools provide measurements of efficiency projects. Facilities can be compared to similar locations to identify ways to cut costs.

Fixed Price. MTI members are encouraged to mitigate risk exposure to volatile energy prices by using a fixed-price electricity supply contract as soon as possible.

APPI Energy is MTI’s Official Energy provider to help reduce electricity and natural gas costs for members through data-driven procurement solutions. For more information and a courtesy evaluation, contact APPI Energy at 800-520-6685.

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