What's a Demand Charge?
Did you know that 30-60% of your monthly utility bill comes from demand charges?
Demand charges are determined by your highest 15-minute peak energy use each month. Your peak is measured in kilowatts and it is multiplied by the utility’s demand rate, which can be $10/kW or $20/kW or even higher. This costs you thousands or even tens of thousands each month. That's right, your worst 15-minute mistake can cost you up to 60% of your monthly utility bill.
This is what those demand charges would look like on your utility bill:
This organization paid $21,578.40/month in demand charges during hot summer months. This amounted to 50% of their utility bill.
Most energy systems, efficiency upgrades and and smart thermostats can manage energy charges, but can't reduce demand. That's where DemandEx comes in. DemandEx uses artificial intelligence to predict and prevent high energy peaks-- saving you money, time, and stress.