Managing energy costs effectively is a challenge many businesses face, especially with fluctuating energy prices and increasing sustainability goals.
This is where equipment cost simulations become useful. By modelling energy expenses based on equipment usage, businesses can see exactly how much their equipment costs to run, and how much they can save from upgrading.
Termina combines your business’ equipment registry and facilities management with your energy audits to build an equipment cost model to understand your running costs without expensive hardware.
What Is an Energy Cost Simulation?
An energy audit - or energy cost simulation is a digital analysis designed to predict a business’s energy consumption and the running costs of each piece of energy-consuming equipment.
This data is then used to build cost-saving models, whether it’s replacing inefficient equipment or exploring electrification opportunities.
The purpose of an energy cost simulation is to give businesses a clear understanding of their potential energy usage and associated costs.
With these insights, companies can make better-informed decisions about energy efficiency measures and cost-effective upgrades.
Key Benefits of Energy Cost Simulations:
- Cost Savings: Highlights areas where energy consumption can be reduced, leading to significant savings on utility bills.
- Environmental Impact: Calculate carbon emissions reduction by minimising overall energy consumption.
- Reduce Maximum Demand: Reduce the electrical requirements of your business moving into a new location by simulating the max demand reduction of replacing inefficient equipment.
How to run an Energy Cost Simulation
This process is a simplified energy audit. All you need to do is add the equipment into your Termina equipment asset registry. You can take multiple steps to increase the accuracy of your equipment cost model by:
- Adding ‘generic’ equipment models to your site. This has a standard load profile for the equipment you use and will give you a rough cost estimate.
- If you have the manufacturer’s specifications from the equipment name or model you can include these to improve the model.
- For more accurate results you can run a usage test onsite without hardware from the platform.
- Finally, for the most accurate results you can optionally connect a consumption monitor for exact equipment costs.
Arrange an Energy Cost Simulation for Your Business with Termina
At Termina, we help businesses to take control of their energy management with our automated technology.
By helping businesses reduce costs, optimise energy usage, and access group buying power, we make managing energy simple and effective.
- Automatic Savings: Termina compares energy rates monthly to ensure your business always benefits from the lowest price available.
- Group Buying Power: With access to collective purchasing from thousands of venues, we secure better-than-market rates for your energy needs.
- Centralised Dashboard: Our user-friendly platform allows you to track savings, energy contracts, equipment and prices in one place. Through this dashboard, you can also:
- See exactly how much it costs to run your equipment.
- Simulate potential savings from equipment replacements, electrification, or optimizing energy usage timings.
Getting Started with Termina
Getting started with Termina is simple. We’ll analyse your energy usage, identify savings opportunities, and help you optimise energy management, all through our streamlined platform.
Take control of your energy costs and discover how much your business can save. Get a free estimate with us today.
