DRAM Reduces Energy Usage, Costs During Peak Times
As with any supply and demand situation, when energy is in high demand, its going to cost more. But DRAM features controls and software that enable enterprises, such as stores, hotels and other retail operations, to benefit from energy price reductions by implementing demand response programs. Such energy saving solutions can be utilized without interfering with key store operations.
Demand Response and Advanced Metering are programs that utilize advanced technology to monitor energy use within specific parameters in an effort to reduce energy usage during peak demand times. This type of monitoring ensures system reliability, infrastructure optimization and the best price for energy usage. It also reduces a companys carbon footprint, an important step in addressing global warming.
Several different methods are available for pricing energy. For example, with real-time pricing, prices are set in advance for a given time, whilst time of use pricing also sets in advance but changes only twice a year. Dynamic pricing reflects different prices for different time periods, whilst critical peak pricing is based on certain peak hours or certain days when energy demand is very high.
The Demand Response part of the DRAM acronym refers to efforts that reduce energy usage during high demand times. The use of these types of programs is increasing throughout the U.S. as companies look to reduce their energy costs and gain better control of their energy use among all sites enterprise wide.
The Advanced Metering portion of the DRAM acronym refers to a system that captures energy usage information on an hourly or other interval schedule. This type of advanced metering allows enterprises to take advantage of price-based demand response programs. Specialized software allows for data management that tracks and records energy usage.
With DRAM controls and programs, a company can control HVAC/R, lighting, equipment and backup generators from anywhere in the world through the use of a computer. Enterprises also have the ability to control an entire energy demand event remotely from an administrative interface for one or multiple sites; set energy scenarios to allow for demand response execution; and obtain real-time energy tracking. A central system can be set up across the entire enterprise, regardless of the number of sites or locations.
Computerized controls and software, part of the DRAM setup, can help retail enterprises establish a web enabled network. Energy loads for curtailment can be identified and managed during peak times. Companies can take advantage of automatic notification for their demand response needs and testing and verification of curtailments can be completed with ease.
Enterprise energy management services can best provide energy response solutions through an integrated web channel. All types of institutional, industrial and commercial business can participate in the reduction of demand and control of consumption. Special cost-saving programs open up, including rebates and incentives.
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