The volatility in the global energy system has been keenly felt in the Philippines as businesses continue to note increasing energy prices in the past years. This trend is foreseen to continue as energy demand increases, matched by a scarcity in electricity supply.
Given energy-intensive business operations, how exactly can you shield your business from the impact of volatile energy prices?
One of the simplest and most effective ways to manage energy costs is to ensure efficiency in consumption.
Research has shown that Heating, Ventilation, and Air Conditioning (HVAC) and lighting normally comprise more than 70% of the electricity consumption of businesses – thus considerable reduction in costs may be attained through the efficient utilization of these loads.
Beyond applying energy-efficiency practices, another core driver to reduce electricity costs is managing the source of electricity.
Given fluctuating fuel costs in the global market, businesses can obtain energy security and manage costs by harnessing locally produced renewable energy (RE) to support their operations.
For businesses, the easiest and most sustainable means to switch to RE is by participating in the Department of Energy’s (DOE) Green Energy Option Program (GEOP).
GEOP allows businesses with a monthly average demand of 100 kW to choose RE as their source of electricity and to buy from their preferred GEOP supplier. The electricity bought from the GEOP supplier replaces the generation charge of distribution utilities for these customers, thus enabling businesses to manage their energy costs.
By opting to join GEOP, businesses are empowered to switch to RE with ease as it does not require any installation or maintenance costs.
ACEN Renewable Energy Solutions (ACEN RES), the supply retail electricity arm of the Ayala Group provides reliable and renewable energy for businesses across different industries – from schools, condominiums, office buildings, manufacturing or industrial companies, and others.
Contact ACEN RES for a free, no-commitment required consultation.
ACEN Renewable Energy Solutions (ACEN RES) is the supply retail electricity unit of the Ayala Group. It is a licensed retail electricity supplier and renewable energy solutions provider powering businesses and industries through the Retail Competition and Open Access (RCOA) and the Green Energy Option Program (GEOP).