Calculate savings with the Ontario Energy Storage Calculator by Enel XSeptember 12, 2019 REDWIRE is news you can use from leading suppliers. Powered by FRASERS.
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Energy storage by Enel X North America Inc. enables large commercial and industrial (C&I) energy users to consume the lowest-cost electricity at the times when consuming from the grid is most expensive.
A big opportunity in Ontario
In Ontario, this is a big opportunity. For many large C&I energy users in the province, the Global Adjustment (GA) charge represents as much as 70 per cent of the electricity bill. For those that participate in the Industrial Conservation Initiative—which is available to all facilities with a peak demand of one megawatt (MW) or greater, as well as those in certain industries with a peak demand of 500 kilowatts or greater—annual GA charges are calculated based on the facility’s average demand level during the Ontario grid’s five highest one-hour periods of electricity demand throughout the previous year. Those that can anticipate when these events will occur and reduce this level of demand by one MW will save about $500,000 in GA costs over the following year.
To help Ontario’s C&I energy users get an idea of the potential impact the technology could have on their energy costs, the Enel X North America team has developed an interactive calculator tool. With inputs to specify the results based on building type, energy consumption needs, and even ongoing efforts to manage GA costs, the calculator will automatically estimate the annual cost savings of an energy storage project for that organization.
Try the calculator to see how much money energy storage could save your organization, at this link.
To see how many different Ontario manufacturers are using energy storage to manage their energy costs, check out this video.
To learn more about how Ontario businesses are leveraging energy storage technology, read this whitepaper from Enel X, Understanding Ontario’s Energy Storage Opportunity.
To learn more, contact Enel X.