Power Factor
Power factor is of growing importance to New Zealand energy consumers, with electricity distributors steadily increasing their penalty charges and applying them to a larger range of customer groups. In the Auckland region alone, many customers paying only $2,500/year for power factor as recently as 2012 are now paying in excess of $10,000!
The good news is that these charges are entirely avoidable with the right equipment, engineering and advice. Contact us today to find out how you can reduce electricity costs through an Energy NZ power factor correction system.
But how much is it costing me?
Potential savings vary widely between different sites, with some customers having little to no penalty at all. Knowing exactly how much you can save through improved power factor is a key part of the Energy NZ advantage. Typical annual savings by size and type of site are:
- Medium retail store: $1,500 – $4,000
- Fast food chain store: $1,500 – $4,000
- Large retail store: $3,000 – $10,000+
- Medium commercial building: $3,000 – $8,000
- Large commercial building: $6,000 – $16,000
- Industrial manufacturing: $10,000 – $40,000+
These costs are not always obvious from electricity bills, as they are sometimes hidden in other charges measured in “kVA”. Click here for an explanation of what exactly power factor is and why it is costing you money unnecessarily.
