How businesses use cheap electricity？

As global energy prices fluctuate and carbon neutrality targets become increasingly urgent, reducing electricity costs has become a core issue for many industrial and commercial enterprises. As a company focused on the research and development and manufacturing of energy storage systems, GreenMore is committed to providing efficient, intelligent and sustainable energy management solutions to global customers.

This article will explore how companies can obtain and utilize cheaper electricity through advanced technologies and energy storage systems, thereby achieving the dual goals of reducing costs, increasing efficiency and green transformation.

1. What is cheap electricity? Where does it come from?

"Cheap electricity" usually refers to electricity resources whose unit price is significantly lower than the normal level at a specific time or channel. Common sources include:

• Off-peak electricity prices under the peak-valley electricity pricing policy of the power grid
• Self-use electricity generated by distributed photovoltaic power generation
• Subsidized electricity from participation in demand response programs
• Renewable energy power in the green power trading market

For enterprises, rational use of these low-priced electricity resources can not only significantly reduce electricity bills, but also improve the cleanliness of the overall energy structure.

2. The main ways for enterprises to obtain cheap electricity

• Use time-of-use electricity pricing policy to reduce peak loads and fill valleys

Many countries and regions have implemented a peak-valley electricity price mechanism, which increases electricity prices during peak hours and significantly reduces them during off-peak hours. Enterprises can deploy energy storage systems (such as GreenMore industrial and commercial energy storage systems) to charge during low-price hours and discharge during peak hours, thereby effectively reducing electricity bills.

GreenMore Solutions：Our modular industrial and commercial energy storage system supports fast charging and discharging control, is compatible with a variety of inverters and grid architectures, and helps companies achieve automated peak-shaving and valley-filling.

• Building a photovoltaic + energy storage integrated system

By installing solar photovoltaic panels on factory roofs, parking lots or in parks, and pairing them with GreenMore outdoor battery energy storage cabinets, companies can achieve closed-loop energy management of generating electricity during the day, storing electricity at night, and using electricity throughout the day.

GreenMore Advantages:

1. High compatibility: supports mainstream photovoltaic inverter brands
2. Modular expansion: Energy storage capacity can be flexibly expanded according to actual power consumption
3. Smart scheduling: Remotely monitor and optimize energy flow through the GreenMore Energy Management App

• Participate in grid demand response projects

The electricity market in some countries allows enterprises to actively reduce electricity consumption or feed electricity back to the grid during peak load periods in exchange for economic compensation. This requires enterprises to have a certain load regulation capability, and energy storage systems are the key equipment to achieve this goal.

GreenMore Recommends:Our commercial energy storage cabinets support bidirectional power regulation in grid-connected mode, making them ideal for participating in demand response projects.

• Access to the green electricity trading market

As countries promote the development of renewable energy, more and more companies can purchase clean energy such as wind power, hydropower, photovoltaic power, etc. through green power trading platforms. Combined with energy storage systems, companies can not only use low-cost green power stably, but also meet ESG (environmental, social and corporate governance) assessment requirements.

3. How to build a low-cost power management system?

To truly realize the effective use of cheap electricity, enterprises should start from the following aspects:

4. Application value of GreenMore energy storage system

GreenMore provides complete industrial and commercial energy storage solutions, covering:

• Wall-mounted energy storage battery: suitable for small offices or retail stores with limited space;
• Stacked energy storage batteries: suitable for medium and large industrial plants, supporting flexible expansion;
• Industrial and commercial battery energy storage system: designed for high power and long cycle operation, suitable for a variety of application scenarios;
• Intelligent Energy Management System (EMS): realizes full-scenario power scheduling and data analysis.

We not only provide high-quality products, but also provide customized installation guidance, remote commissioning and long-term operation and maintenance support services to foreign customers, helping global customers to optimize energy costs.

As the global energy transition accelerates, how to efficiently use cheap electricity has become an important means for companies to enhance their competitiveness. Whether through peak-valley arbitrage, building photovoltaic + energy storage systems, or participating in the electricity market mechanism, energy storage technology will become the core tool to achieve this goal.

As a company focusing on the R&D and manufacturing of energy storage systems, GreenMore will continue to provide safe, intelligent and efficient energy solutions to customers around the world. No matter which country or industry you are in, we can create the most suitable low-cost power management system based on your power needs.

If you are looking for ways to reduce your business’ electricity costs, please visit GreenMore’s official website www.gmsolartkit.com to contact our international business team for customized consulting and technical support.