Installing a power factors panel can be a great way for manufactures to lower there energy bill. If you have equipment that requires a large amount of energy at start up, it will make your energy bill go up. Hydro companies use your highest peak power to calculate your monthly bill, not the actual consumed energy. Power factor panels use capacitors and can limit the spikes that are created during start ups, hence lowering the energy bill, in some cases the savings can be considerable. In an application that we recently looked at, adding this system lowered the monthly electricity cost by $1500, with a return on investment of only 16-20 months. If you are interested in lowering the hydro bill of your manufacturing facility, give us a call.
This write up by NB Power explains the details of power factor systems and how they can lower hydro cost: Power factor