On average, 60% of your energy costs come from overall usage, 40% – 55% of that is made up of on-peak demand costs. Utility customers usage is measured in kWh while demand peaks are measured using kW. Customers are charged for the energy they use based off the rates for that season (summer/winter) and time of day. The utility rates vary from company to company based on a number of factors, such as business size, assigned tariff and the location of the energy company.
The Locbit energy savings platform will shift usage to a more desirable off-peak times without affecting business as usual. Additionally, the platform will help you decrease the height of your peaks and eliminate energy waste by turning things off when not in use. With the Locbit energy savings platform, you will be able to create simple energy saving automations that work in real time proactively reducing your energy consumption and reducing your energy bill.