Are you paying for electricity you don’t use?
There is a subject that used to be considered widely by electrical engineers and facility managers, that feedback and data from the field suggests is being increasingly forgotten in many businesses nowadays. The subject is power factor, and Julian Grant from Chauvin-Arnoux UK, discusses what it is, and why you should be constantly monitoring and correcting it.
While business owners and accountants are worrying about energy prices, many are completely unaware that for the sake of some simple monitoring and correction equipment, their business may be seriously falling short of what is required to be electrically efficient.
Recent cases discovered by a renowned Power Quality Improvement Service have identified many examples where as much as half of the electricity being consumed by businesses is literally going to waste.
And high energy bills are only part of the problem. Power factor also impacts on the reliability of the network itself and can cause a variety of electrical issues that may result in the early failure of capital equipment. This equipment often gets replaced at great expense without the root cause ever being observed or identified. Poor power factor can also impact heavily on the capacity to add new loads when a business expands.
Saving money by using a cheaper supplier and employing an energy comparison consultant to get the best deal is an obvious thing to do, and easy to justify. However, poor power factor is now such an issue, the businesses installing power factor correction, and saving their customers thousands of pounds on their electricity bills by doing so, are literally inundated with work.