Header Logo
  • Approach
    • Production-First Energy Management
    • ISO 50001
    • Industry 4.0 & Industrial IoT
    • Load Control
  • Solutions
    • Nsight® Energy Intensity Platform
    • Nsight Fleet™
    • ColdOS® Solution Suite
    • eTRU Shore Power Solutions
    • Integrations & Technology
  • Resources
    • Energy Case Studies
    • English Downloads
    • Descargas en Español
    • Downloads em Português
  • Company
    • News & Blog
    • About Us
    • Contact Us
    • Careers
  • Login
  • Demo
  • Approach
    • Production-First Energy Management
    • ISO 50001
    • Industry 4.0 & Industrial IoT
    • Load Control
  • Solutions
    • Nsight® Energy Intensity Platform
    • Nsight Fleet™
    • ColdOS® Solution Suite
    • eTRU Shore Power Solutions
    • Integrations & Technology
  • Resources
    • Energy Case Studies
    • English Downloads
    • Descargas en Español
    • Downloads em Português
  • Company
    • News & Blog
    • About Us
    • Contact Us
    • Careers
  • Login
  • Demo
Back Button BACK

Hot Texas Summer

You already know Texas electricity prices can spike dramatically. Are you ready for a record-breaking summer?

Electricity used to be a “cost of doing business.” It’s not that simple anymore.

Utility bills are now a major line item in an industrial P&L. There are many reasons for this. Inflation has hit the energy sector hard, and weather events are driving massive price volatility. In Texas, electricity prices can spike 10,000% during extreme events.

Considering recent grid instability and soaring prices, large energy users are looking for ways to manage their risk. That’s especially true as we enter the hot summer months. Grid operators around the country are forecasting massive shortfalls this summer, especially in Texas.

In addition to price spikes, industrial customers need to watch out for big demand charges and Coincident Peak charges. Coincident Peak charges penalize users for taxing the grid at its busiest time each month. These additional penalties can be a hefty surprise on your utility bill.

And in Texas, everything is bigger. The Texas grid operator, known as ERCOT, has its own version of Coincident Peak called 4CP. Your 4CP charge is based on your demand during the hottest 4 months of the year. If you use a lot of energy during critical peak periods, it will haunt you for another year.

Here’s how it works:

  • The utility tries to predict which periods will have the most grid congestion during each of the hottest 4 months (June, July, August and September).
  • They then notify you that a 4CP event may be coming, giving you a chance to reduce your load.
  • Each month for the next year, you’re charged an extra fee based on your average power draw during each of the 4CP events.

These fees can account for as much as 30% of your bill, so managing your demand during 4CP events can mean huge savings.

There’s one big problem: ERCOT’s notifications aren’t always accurate, and they don’t give you much time to prepare unless you work with a partner who can better predict these events and help you respond quickly.

So how do you beat the game?

  • Prediction: event notifications are available from different sources, with varying degrees of accuracy. Experienced partners can analyze weather data and grid conditions to predict the Coincident Peak further in advance.
  • Notification: good communication helps ensure the right people have the right information at the right time. Using multiple communication channels helps. It’s also important to understand who is available (and qualified) to curtail systems when needed.
  • Automation: the easiest way to respond quickly is to automate the process. This means codifying which loads should be curtailed under various circumstances and how to properly sequence the shutdown. It also requires integrating with existing control systems to provide Automated Load Management.

Learn more about Ndustrial’s Demand Management solutions here.

Ndustrial has helped companies avoid over $100 million in energy spend by driving down energy intensity, decreasing costs, and increasing sustainable industrial operations.

Approach
Energy Intensity Production First Load Control Industrial Data
Solutions
Products & Services Our Successes Benefits & Value Core Technologies
Company
News & Blog About Us Contact Us Careers
Connect
Demo LinkedIn Twitter +1.919.864.2264
Join our Mailing List
Sign Up Here
© 2024 Ndustrial  ·  Privacy  ·  Terms


    By clicking submit below, you consent to allow ndustrial.io to store and process the personal information submitted above to provide you the content requested. You may unsubscribe from these communications at any time. For more information on how to unsubscribe, our privacy practices, and how we are committed to protecting and respecting your privacy, please review our Privacy Policy.


      By clicking submit below, you consent to allow ndustrial.io to store and process the personal information submitted above to provide you the content requested. You may unsubscribe from these communications at any time. For more information on how to unsubscribe, our privacy practices, and how we are committed to protecting and respecting your privacy, please review our Privacy Policy.

      Manage Consent
      To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
      Functional Always active
      The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
      Preferences
      The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
      Statistics
      The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
      Marketing
      The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
      Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
      View preferences
      {title} {title} {title}