Navigating energy price peaks
In today’s fast-paced industrial landscape, optimising cement production schedules is not just about meeting deadlines, it is also about navigating volatile energy prices. Fluctuations in energy costs can significantly impact operational expenses, making it imperative for businesses to devise strategies that mitigate against these costs. By GridBeyond, UK
Figure 1: finding flexibility in a cement mill (© GridBeyond)
Technology can play a pivotal role in supporting businesses making decisions to minimise the impact of energy price peaks on the cement and aggregates industry, and ultimately reducing their cost of production by scheduling operations and processes against energy prices.
Variable energy prices
Electricity prices exhibit intra-day variability due to a complex interplay of supply and demand fundamentals, renewable energy integration, fuel costs and weather influences.
