Abstract
Abstract This paper presents a comprehensive procedure for conducting an electricity cost analysis to promote energy savings, reduce operational costs, and improve sustainability for facilities. By analyzing utility bills, the majority of a facility’s electricity costs in the US can be broken down into energy charge, demand charge, power factor charge, and service charge, each of which is explained in detail. These findings contribute to the field of facility energy analysis by providing novel insights into the breakdown of complex energy charge items into their constituent parts. The case study of a university in Louisiana with an annual electricity cost of approximately $1.7 million is presented. The energy and demand consumption, as well as the corresponding cost, were calculated and plotted. The potential energy-saving opportunities are discussed. The paper’s framework can serve as a roadmap for facilities to optimize their energy consumption, reduce costs, and minimize their carbon footprint. By conducting an electricity cost analysis and following the suggested guidelines, facilities can enhance their sustainability and financial well-being.
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