Electric energy cost optimization at industrial enterprises

Abstract

Subject. The article addresses cost management at enterprises, reveals key conditions and drivers for energy cost optimization. Objectives. The purpose is to develop basic organizational and economic mechanisms to optimize energy costs of enterprises. Methods. The study relies on empirical and logical constructions, analysis and synthesis, generalization, the systems approach and methods of comparative analysis. Results. I disclose cost optimization factors affecting the cost of electric energy consumption, offer tools for energy cost reduction. The findings may be useful for cost management improvement in both the real economy and service sector. Conclusions. Since the cost of electric energy is a significant part of the cost of most enterprises, energy cost management becomes an important element of the cost management policy. Substantial savings can be achieved not only through modern technical solutions and energy-saving technologies and equipment, but also by implementing a set of organizational and economic measures, which include the selection of optimal price category (tariff), correct application of technical parameters for the purpose of proper pricing, organization of the energy supply scheme.