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What is a promising option for reducing energy charge when electricity price is reasonably high and continuously increasing?

There is no silver bullet in electricity or energy demand and bill management, because customers (sites) have different specific situations, e.g. different comfort/convenience needs, different electricity tariffs, or different usage patterns. Electricity tariff may have a few elements, such as daily access and metering charge, energy charge (based on kWh, MWh) or peak demand charge (e.g. a price for the highest 30min energy consumption in a month). PV is a promising option for reducing energy charge when electricity price is reasonably high and continuously increasing, such as in Australia and Germany. However, for sites with peak demand charge in place, PV may be less attractive if peak demands mostly occur in the late afternoon to early evening, for example residential communities. Overall, energy investment is largely an economical decision and it is better to make investment decisions based on systematical evaluation of options in operational improvement, energy efficiency, onsite generation and energy storage.


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