Energy prices have increased substantially over the past months and will remain high for quite some time, but there are ways to increase energy efficiency to reduce your electricity costs.
Increasing energy efficiency leads to less consumption of electricity, reducing your overall costs as well as your carbon footprint.
Using electricity efficiently is a critical factor in shrinking your energy bill.
This may mean investing in new technology, or it can be as simple as changing daily behaviours.
To help your business save on costs, we can provide an energy efficiency assessment on your site to reduce your energy usage.
Here are some areas where we work with you to identify smarter technology and usage to provide immediate cost savings.
Light Emitting Diode (LED) lighting uses up to 75 percent less energy than halogen lights.
LED lighting can also be paired with smart technology for timers and intensity to deliver further savings.
LEDs also emit less heat and last up to 10 times longer than halogens, greatly reducing the need for changing or maintenance. (Read more about saving money on lighting)
Water Heating and Boilers
Heat Pump water heating is an easy way to reduce electricity consumption. Heat Pump water boilers have smart technology embedded into them which allows them to run when power prices are low and store hot water for times when power prices are higher.
Refrigeration is an intensive power consumer. By retrofitting technology such as variable speed drives, changing the compressor oil or changing refrigerants, savings of 20-40% are achievable.
Heating and cooling
Heating, ventilation and air conditioning (HVAC) can account for up to 50 percent of energy use in an office space or building.
Upgrading to a more efficient HVAC system can significantly reduce your annual heating and cooling costs
We can also advise you on how to optimise current HVAC systems.
HVAC optimisation may involve:
- improved control systems
- modifications to ventilation and distribution
- relocation of HVAC units
- simple good maintenance.
- Upgrading the compressors to inverter units (20-40% saving)
- Upgrading the refrigerants in the system (up to 30% saving)
Solar power and storage
Generating solar energy on-site is far cheaper than buying from the grid. There are options where no capital outlay is required.
Leading Edge Energy can help you find the optimal system for your business for maximum energy generation and return on investment.
We can also advise you on pairing batteries up to your rooftop solar array to get the most out of your system.
Australia’s power supply tends to fluctuate and vary in voltage due to the long distances between generation sites and end users.
The voltage supplied in Australia is often much higher than what is needed.
Leading Edge Energy offers expert advice on voltage optimisation or how to correct higher than necessary voltage to lower the amount of energy consumed by motors such as in air conditioners by up to 10%.
This means less wasted energy, better power quality, extended lifespans for devices and lower electricity bills.
Power factor correction
Apparent Power is the power the network sees while Real Power is the actual amount of power used on site.
These figures should match. If not, the Power Factor, or the difference between Real Power and Apparent Power, has to be determined and corrected.
Once we know the Power Factor, we can correct it by installing capacitors as needed to operate
various appliances efficiently and reduce electricity charges by up to 10%.
Do you need more information about energy efficiency?
We understand that the energy market can be confusing.
If you need more information about improving energy efficiency to positively impact your business, one of our Energy Management Consultants would be more than happy to have an obligation-free chat.
Leading Edge Energy is an energy brokerage firm in Australia specialising in energy cost reduction, solar and storage procurement, electricity and natural gas-use monitoring and reporting for commercial and industrial clients. Follow us on LinkedIn or Facebook for updates on the energy industry, and more.