The average electricity price that commercial and industrial (C&I) customers pay is deceiving. According to data from the U.S. Energy Information Administration, commercial customers around the country paid over 13 cents per kilowatt-hour in September 2022, an increase of nearly two cents from the previous year.
But this average kilowatt-hour price masks the difficult-to-forecast charges that can cause C&I electricity bills to skyrocket. For example, when utilities charge customers time of use rates, C&I bills can balloon if customers don’t reduce electricity use during peak demand periods. Higher prices during times of peak demand aren’t the only challenge. C&I customers can also take a financial hit from demand charges. Typically calculated based on the maximum amount of demand a customer has in any 15-minute interval over the…
Building competitive advantages and cutting costs with mobile energy storage
