Navigating energy price peaks

Published 03 June 2024

Tagged Under: Case Study UK western Europe Europe 

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.

To continue reading this story and get access to all News, Articles and Video sections of the website, please Register for a subscription to International Cement Review or Login