need for domestic energy
Domestic Energy is defined as the renewable energy used in a household or on a commercial or agricultural premise. Domestic Energy plays a key role in our everyday lives. It can provide warmth, power, fresh water, and other essential services to our homes and businesses. As our reliance on fossil fuels increases, so does our need for domestic energy. This has become a very pressing issue these days as oil prices continue to reach new highs, while our sources of domestic energy are depleting.
To meet the increasing demand for domestic energy, several large companies have started exploring for new ways to produce this valuable source of energy. There are two main methods that companies use: First, many companies rely on oil and natural gas as their primary sources of energy. Second, some companies use hydroelectric power to generate electricity. Although there are other types of alternate sources of energy, two remain the most popular: wind and solar power.
non-domestic electric energy
Today, domestic energy consumption is equal to the amount of all non-domestic electric energy, plus the amount of commercial and industrial electrical energy consumed by industry, government, and households. The price of domestic energy has been steadily rising over the past few years due to high gas and oil prices, stricter regulations for greenhouse gas emissions, and the rising cost of oil and gas. Some companies are making a beeline to find new sources of domestic energy. Others, fearful of losing business, are doing whatever they can to preserve the power of their current domestic sources of energy, despite the fact that most of these sources are very expensive to develop or maintain.
One way that businesses are attempting to lessen their impact on the environment while still meeting their demands for reliable and affordable energy is by developing “all weather” or dual fuel systems. Dual fuel systems combine the reliability of a domestic system with the flexibility of a utility company’s electrical grid. This means that, unlike most commercial electrical suppliers, domestic customers do not need to rely on a single utility company for both energy consumption and generation. As with any system that relies on a single source of power, however, this also means that any changes to the supply of power in the event of a catastrophe can severely impact the operation of the system. For instance, if oil or gas stocks are low, a utility can cut the amount of energy it provides to residential customers.
purchasing energy contracts
To minimize the risk of outages caused by weather-related outages, companies should consider purchasing energy contracts with their local electric transmission company. These energy contracts (sometimes referred to as PJO) specify the scheduled delivery of energy to residential customers at a particular time. A residential customer only needs to purchase a portion of the allotted PJO energy during a period of time when energy demand is reasonably expected to be high. The purchased portion of the PJO energy should then be used in conjunction with generation from energy generated at another commercial facility. For example, if the transmission company sells energy to a business that uses a significant amount of electricity, the business may choose to purchase an energy contract directly from the transmission company. In this case, a business would utilize the stored energy provided by the transmission company and the electric company.
If you are considering purchasing non-domestic energy efficiency services, you should look at all of your options. Contact several commercial and residential customers to get a feel for pricing and service levels. Be sure that you are working with a reputable energy management company that can give you an honest assessment of how your business could use help with its energy efficiency efforts. Don’t put off contacting these companies until you have made your decision. It may turn out to be the best decision you will ever make regarding the efficiency of your facility.