Covid will force companies to review their energy costs
It is essential that companies carry out an analysis of the overall expenditure
Due to the impact that the Covid-19 has had on the economy, most companies have been forced to temporarily close their factories. This has led to a decrease in energy demand, both in electricity, gas and fuel in the second quarter of this year.
Nowadays, companies are returning to normal activity and it is essential that they carry out an analysis of overall expenditure, prioritising those expenses that account for a larger percentage of the total product cost.
In some industrial sectors the energy cost of the production process can reach at 60% of the cost of the product. Therefore, electricity and gas trading is makes it a strategic point for the company, so they must put all their efforts to find the best alternative for closing prices such as fixed-price trading, pool trading, pool with partial closures or different indexation in the market.
Cogeneration system as a cost-saving alternative
Another savings alternative would be the installation of a cogeneration system for convert thermal energy into electrical energy and introduce it back into the production process, can be translated into effective savings of around 30% with a recovery of investment between 2-4 years.
Additionally, as a savings measure there is the possibility of carrying out a energy efficiency, where an energy audit is carried out to assess the state of the installation and propose ad-hoc measures that will result in economic savings.
These measures require investment, some of them involving an investment with a very low rate of return, while there are other measures that involve an investment whose savings are much more significant.