Energy Rate Structures: Unit Pricing and Understanding Your Bill
Credit: 1 PDH
Subject Matter Expert: Mark Knarr, P.E., CEM, LEED AP BD+C, PMP, CCEA, GPCP
In Energy Rate Structures: Unit Pricing and Understanding Your Bill, you'll learn ...
- Difference between consumption and demand
- How to calculate monthly electric bills
- What charges typically appear on an electric bill
An industrial facility may have multiple utility bills for each commodity that it uses, such as gas, electricity, and water. For each utility, there is a unique pricing arrangement that underpins monthly billing. Knowing the types of energy that a facility uses, and their respective rate structures are crucial to understanding energy costs and implementing an energy management program.
If energy managers understand what they are paying for energy, and how the rate structure controls the bill, then they can implement different strategies to reduce energy costs at their sites. In fact, with enough prudence, energy managers could even move to a different rate structure that is more cost effective for their place.
The target audience for this course is an energy manager who oversees operations at non-residential sites: that is, sites with industrial facilities or campuses with multiple facilities. Electricity is the main focus of this course because electrical billing tends to be the most complex of all utilities. Nevertheless, many pricing and billing approaches for electricity can easily extend to other services, such as natural gas, water, and steam.
Specific Knowledge or Skill Obtained
This course teaches the following specific knowledge and skills:
- Distinguishing consumption vs. demand
- Different forms of energy pricing: flat rates, block rates, seasonal pricing, time of use rates, and real-time pricing
- Typical charges on an electrical bill: customer service, energy, demand, fuel adjustment, and tax
- Calculate a monthly electrical bill using rate structure, consumption, and demand data
- Comprehend the effect of power factor on an electric bill
- Comprehend the impact of demand ratchet on an electric bill
Certificate of Completion
You will be able to immediately print a certificate of completion after passing a multiple-choice quiz consisting of 10 questions. PDH credits are not awarded until the course is completed and quiz is passed.
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