Businesses Can Save 30% on Electrical Bills by Adjusting Production Schedules
Monday, June 13, 2016 - 10:31
in Physics & Chemistry
Industrial manufacturing businesses can save over 30 percent on electrical bills, and cut greenhouse gas emissions by over 5 percent, by adjusting production schedules, according to new research from Binghamton University, State University of New York. "Manufacturing enterprises can take advantage of critical peak pricing (CPP), a demand response technology, in the transition towards smart electric grid to significantly lower their energy cost," said Yong Wang, assistant professor of the systems science and industrial engineering at Binghamton University's Watson School of Engineering and Applied Science. "They can do all of this while contributing to reducing greenhouse gas emissions, too."