Technology Focus
With a growing focus on the environment and a strong desire to reduce the impact of peak electricity consumption, Power Factor Correction is stepping up to the challenge to help solve these problems.
When consumers use electricity, the various appliances using the power tend to distort the quality of the power, leading to an increase in the electrical current being used at the facility. This increased current can lead to higher electricity bills based on the increased demand for power, with no useful benefit to the consumer.
Power Factor Correction technology is often called a “black-box solution” in that it solves the problem without any need for a change in activity on site. Improving the power factor of a facility will save money, reduce greenhouse emissions and reduce the peak demand on the whole electrical grid.
Funding is available from a number of sources to help implement this energy-saving 101 project, including:
- The PFC Program has $420,000 in funding from the NSW Government to help SME’s implement PFC in their sites within the Integral Energy area of operations. Funding usually equates to around 20-30% of the capital cost of the equipment.
- In NSW and the ACT, consumers installing PFC are generally able to create NSW Greenhouse Abatement Certificates for the installation of PFC equipment, approximating to $2 per kVAr installed.
- Many states, including NSW and SA offer consumers funding rebates to install PFC equipment at their site in order to reduce peak power consumption.
Consumers interested in Power Factor Correction are encouraged to visit the PFC Program website here to find out more information.
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