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The Covid will force companies to review their energy costs

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Due to the impact Covid-19 has had on the economy, most companies have been forced to temporarily close their factories. This has caused a decrease in energy demand, both in electricity, gas and fuel in the second quarter of this year.

Currently, companies are returning to normal activity and it is essential that they carry out an analysis of global spending, prioritizing the expenses that represent a higher percentage of the total product cost.

In some industrial sectors the energy cost of the production process can reach 60% of the cost of the product. So that the negotiation of electricity and gas becomes a strategic point for the company, so they must put all their efforts into finding the best alternative for closing prices, such as trading at a fixed price, pool, pool with partial closings or different indexing techniques in the market.

Another saving alternative would be the installation of a cogeneration system to convert thermal energy into electricity and introduce it back into the production process, which can translate into an effective saving of around 30% with a recovery of investment between 2- 4 years.

Additionally, as a saving measure, there is the possibility of making a energy efficiency project, where an energy audit is carried out to assess the state of the installation and ad-hoc measures are proposed that result in economic savings. These measures require investment, some of them involve an investment with a very low rate of return, while there are other measures that involve a greater investment, whose savings are much more significant.

Ana del Moral Lettuce

Senior Project Manager of Euro-Funding, Purchasing Consulting projects

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