One Step off the Grid reports: “The case for demand response becoming a major player in Australia’s future grid has been underscored this week, with the findings of a new study revealing it can cut business energy costs by up to one-third, while also helping to reduce power prices across the grid. The research from the Institute for Sustainable Futures (ISF) at UTS, in partnership with WWF-Australia and energy retailer Flow Power, outlines the prospective savings for businesses from combining corporate renewable PPAs with demand response. Using data from Flow Power, the ISF measured the electricity consumption, operations and potential flexible usage of three Victorian businesses – ANCA, Select Harvest and Yarra Valley Water, to determine the financial savings they could achieve. Across all three businesses, the study found that demand response had the potential to reduce costs by up to 33 per cent – a figure that could translate to several hundred thousand dollars a year depending on the business, the researchers said.”
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