Schneider Electric, global leader in digitalization and automation, has teamed up with Workbench Energy for the development of an integrated prediction and energy management solution in Ontario.
Firstly, the partnership intends to create an integrated platform for prediction, management and digitalized power; leveraging both Schneider’s and Workbench Energy’s expertise in the field.
Secondly, the partnership will offer large-scale utility consumers with the ability to monitor and manage their electricity consumption around peak periods; allowing them to reduce their exposure to the Ontario’s Global Adjustment (GA); which is a price rate adjustment for Ontario’s large electricity consumers.
Thirdly, according to the company’s statement, the GA can make a power bill jump in over a 50%, depending on how much their peak energy use contributes to provincial peak demand. Therefore, the partnership will allow consumers to monitor their consumption rate through the EcoStruxure platform.
Consequently, “customers will have greater access to strategic, innovative solutions; empowering facilities to maximize uptime and also operational efficiency. As energy management continues to evolve in Ontario, partnerships like this one will play a critical role in leading the industry forward.” Said Hugo Lafontaine, VP of Digital Energy at Schneider Electric Canada.
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Integration between Schneider digitalized power solutions, and Workbench Energy’s platform
On the other hand, the EcoStruxure Power Monitor, introduces a seamless integration with Schneider’s Power Monitoring Expert (PME) solution. When integrated, the platform leverages from IoT connectivity to provide digitized power network.
Moreover, this network will provide for consumers with a greater insight into their energy consumption; customers will also be able to respond quickly to peaks by implementing load curtailment; energy storage or back-up power sources like generators.
In addition, Cam Carver, Workbench Energy CEO, said. “Our collaboration with Schneider Electric also enables us to collect data from across connected devices; also, to help customers make more informed decisions about their energy patterns and behaviors.”
Finally, this solution will bring cost and energy-saving value to large industrial customers; commercial buildings, universities and energy-intensive segments like mining, minerals and metals.