Leveling Up Your Organizational Energy Strategy: Tapping into the Power of Demand Response to Weather Turbulent Economic Times

With a forecasted recession on the horizon in 2023, businesses must focus on finding additional methods to streamline operational costs, cut down on spending and find new revenue opportunities to prepare for the tough times ahead. One way to execute these objectives is for an organization to look inwards at its energy management solutions to reduce costs. During uncertain economic times, one effective strategy is to enroll in Distributed Energy Resource (DER) initiatives, such as Demand Response (DR). By doing so, businesses can automatically decrease their energy consumption, resulting in reduced utility costs. Additionally, this opens up opportunities for financial savings and new revenue streams that can be allocated towards other organizational needs. DR programs are known for supporting grid stability and provide notable advantage in reaching ESG goals—but how can DR programs support a business during an economic downturn?

DR programs offer the following key benefits for a company looking to proactively take its energy management strategies to the next level to combat a recessionary business climate.

Additional Revenue Streams

The financial upside of integrating a DR program is two-fold—end-users save AND earn money—which is important for any business facing economic uncertainty. The right DR program offers savings potential by avoiding peak electricity charges and gaining access to substantial utility building automation control incentives by helping to support grid resiliency and sustainability. Opting into available DR programs also allows participants to earn additional revenue streams for their business.

Reduced Energy Costs Automatically During Pricing Events

Many DR programs allow users to automatically reduce power consumption during periods of high demand – when energy prices spike, and the grid is strained. By leveraging programs with intelligent automation, users have the ability to create pre-determined energy curtailment settings, depending on the needs of the individual building or location, to ensure that vital operations aren’t impacted while significantly minimizing utility bills. Not only do DR programs reduce energy costs and provide rebates and reimbursements, but they also significantly support sustainability goals as the grid tends to be “dirtier” during peak events.

ADR Incentive Access to Offset Budget Cuts

Automated Demand Response (ADR) incentives reward businesses for updating energy management systems or setting up new solutions. Capitalizing on these enticing incentives for project expenses associated with installation or equipment expenditures is a great way to offset budget cuts during a recession as it comes with minimal or no cost to the organization.

Updated Building Control Opportunities Through Rebates to Maximize Energy Spend

The rebates available for upgrading system infrastructures also set businesses up for future monetary savings in tough times. When an entity leverages utility incentives for installing or updating its building controls, it will enable its portfolio to take advantage of other energy strategies, like setting schedules that increase energy efficiency and energy savings, or conducting fault detection and diagnostics to determine when assets aren’t operating properly.

Taking Your DR Program to the Next Level by Partnering with Enersponse

Enersponse’s DR program offerings are made simple with no cost or risk to the customer and support the business’s bottom line, especially during times of economic uncertainty. If you’re feeling the strain of the looming recession and are ready to earn substantial financial incentives, reduce energy costs, create new streams of income and gain access to rebates that can support infrastructure upgrades for even more opportunities to offset necessary budget cuts, contact our service team today to learn more.