Some of the top benefits of power factor correction are increased load carrying capabilities in existing circuits and reduction in demand charges on the power systems. The best part is that these benefits aren't just limited to the balance sheet. Rather, there are numerous environmental benefits too associated with it, which involves reducing the carbon footprint and serving the environment. Apart from that, it also impacts your utility bill the following ways:
· Reduces Demand Charges:
The electric utility companies charge based on maximum metered demand which is based on the greater of two - either the percentage of the highest registered demand in KVA meter or the highest registered demand which is measured in kilowatts. Nevertheless, you can reduce the electricity bill by lowering the demand charge and improving the power factor. Quite easy, isn't it?
· Decreases the Carbon Footprint:
When the demand charge of the power system reduces, less strain is imposed on the electricity grid, which in turn reduces the carbon footprint - all thanks to power factor correction. Nevertheless, when the demand for the electricity grid lowers, the carbon production is reduced drastically and this, in turn, helps in the improvement of the electrical efficiency of the power system.
· Avoids Power Factor Penalties:
Massive quantities of induction motors are being used by nearly all the industrial processing facilities for driving their conveyors, pumps, and other plant machinery. This causes the power factor to reduce drastically. Businesses can eliminate their bill's power factor penalty by making use of power factor correction.
· Reduces Power System Loss:
The loss reduction from the conductor isn't sufficient to justify the capacitors' installation. However, this comes with an attractive additional benefit especially with plants that have long feeders or in times of field pumping operations.
To make the most of power factor correction, reach out to Icopower ESCO, a company known for providing the best power quality solutions in Kenya and Seychelles. They also provide services like power quality monitoring to help businesses cut down their energy costs and consumption.
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