Author: Schneider Electric
This audio was created using Microsoft Azure Speech Services
The idea that you should “play to your strengths and delegate the rest” is a pearl of business wisdom. It captures the idea that a business should focus on its core competencies and outsource more specialized tasks—like managing complex electrical infrastructure—to those with the skills and expertise to do so. This ensures optimal performance without distraction.
This longstanding advice speaks directly to the growing field of energy service plans. Many companies are dealing with a shrinking workforce, wondering how to meet regulations, or need help finding electrical bugs inside their operations. Partnering with specialized energy management service providers allows companies to trust the complexities of energy management to dedicated professionals. Those professionals can ensure the electrical infrastructure is always safe, maintained, and optimized. Their services allow companies to zero in on what they do best – their primary operations – and thrive, innovate, and grow in their respective markets.
Energy service plans have a compelling business case. Utilizing them can provide significant cost savings, enhanced energy efficiency, sustainability benefits, and effective risk management. In fact, large companies can save millions of dollars annually with a sustained reduction of 3.5% in energy spend. One oil refinery saved $120 million in the first year.
Beyond financial savings and optimized infrastructure, many energy service plans also include provisions for adopting cutting-edge technologies. This includes smart grids, energy management and control solutions, and power quality systems. These technologies improve efficiency, reduce costs, and support innovative business practices.
They may also incorporate renewable energy options like solar and wind power, vital for sustainability strategies. These renewable options can underscore a company’s commitment to environmental stewardship and reinforce its green credentials. In turn, this often attracts environmentally conscious customers and positively impacts the business’s market position.
Energy service plans can also help address the uncertainty caused by government initiatives to reduce carbon emissions. These initiatives often leave companies unsure of the implications for their operations. This confusion is precisely where long-term, sustained energy services prove their worth. By providing multi-year support, energy experts can demystify these initiatives, craft tailored strategies, and guide companies toward compliance and sustainability.
Many energy-specific service plans on the market are designed to optimize energy efficiency, sustainability, and electrical infrastructure. I’ve outlined the benefits of each to help you identify which plan would best suit your business needs.
Service plans help businesses enhance operational efficiency, reduce energy costs, ensure system reliability, and achieve sustainability objectives. And they can tackle a broad spectrum of needs:
In addition to determining the right type of energy service plan for your needs, it is also necessary to consider aspects that play a critical role in implementation, such as:
If uncertainty is holding you back from opting into an energy service plan, consider this: the depth of expertise provided by expert energy services professionals is beyond the reach of individual businesses. Engaging a company specializing in energy service plans solves immediate problems and equips you with the knowledge and tools to maintain an optimized energy system.
Schneider Electric has over a century of power and energy management expertise and excels in the complex energy ecosystem. Learn how Schneider Electric can provide the right services to match your business and operational objectives and help drive business success.
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