How to reduce record utility bills this summer

As you’re likely aware, utility rates in California have been rising at an alarming rate. Since 2020, electricity costs have surged by 45.9% and in some cases have doubled. 

This outpaces the Consumer Price Index (CPI) increase of 28% over the same period, which has seen the vast majority of US residents feel the cost of inflation more than at almost any other point in recent history.

With more rate hikes already happening in 2024 and scheduled beyond, it's crucial to put these increases into context and have a plan to tackle them. 

Understanding the Impact

• Electricity Cost Inflation: Averaged 15.3% per year from 2020 through 2023.

• Comparative Inflation Rates: Electricity pricing inflation rate is 271% higher than the general inflation rate of 16.9% since 2020.

Why act now?

Well, the summer rates just started across California, seeing costs almost treble during certain periods and in certain tariffs. The summer Time-Of-Use tariffs are in effect from June 1 to September 30, or October 31 in San Diego Gas & Electric territory. 

What can you do?

1. Phase in the Work Day:

   • Plan to phase-in the start of the work day over multiple 15-minute periods to minimize demand.

   • Shift energy-intensive tasks and operations outside the 4-9pm peak period.

2. Conduct an Energy Audit:

   • Identify high-energy-consuming equipment and processes.

   • Implement energy-efficient alternatives where possible.

3. Automate and Schedule:

   • Use timers and smart systems to run heavy equipment during off-peak times.

   • Adjust work schedules to better align with lower rate periods.

4. Invest in Energy-Efficient Equipment:

   • Upgrade to appliances and machinery that use less energy.

   • Look for energy-efficient certifications and rebates to offset costs.

5. Implement Peak Shaving Strategies:

   • Use battery storage systems to supply power during peak periods.

   • Load shifting to off-peak hours to avoid the highest rates.

These measures can help to protect your business or organization from the impact of rising utility rates, as well as make your operation more energy efficient and sustainable. 

Of course, the continuous and aggressive utility rate increases also reduce the payback for investments in commercial solar, often to two years. So that is the upside! 

For more information or to get the ball moving on a quote, click here https://www.sunisticsgroup.com/california-commercial-solar