For owners and managers of industrial facilities, optimising asset performance in a dynamic and complex operation environment is a constant challenge—trying to maximise performance while maintaining operational flexibility.
On the 15th of August 2020 at 10:00:00 AM, Trading Interval 5, the Wholesale Electricity Market (WEM) Balancing price became -$1000/MWh. Trading Intervals 8 and 9 were also -$1000/MWh. August 15th proceeded to produce 18 negative price intervals1.
It's no secret that the future of energy will be vastly different to how we know it today. This brings a raft of challenges for energy providers, but also plenty of new opportunities for the industry and energy consumers alike.
Australia had the hottest summer on record earlier this year, and with an ever-increasing need for energy due to our growing population, the pressure placed on the electricity network grid continues to grow.
As the implementation of industry 4.0 technologies becomes a reality for more and more manufacturers, the full potential benefits these advancements have for the defence supply chain have yet to be realised.
‘Perfect production’ with zero breakdowns, zero defects and zero accidents may seem like a dream. But the Total Productive Maintenance (TPM) approach is bringing manufacturers closer to making this a reality.
Whether you want to take advantage of a seasonal shut down, or are just looking to review your facility's maintenance throughout the year, this list will help you concentrate your efforts on the most essential facility maintenance on your control systems.
Given the manufacturing industry accounts for eighteen per cent of Australia’s energy consumption, it has the most to gain from implementing energy saving improvements.
In a time when Australia is grappling with energy pricing pressure and uncertainty around the national energy policy, there is a tremendous opportunity for industrial businesses to take action and reduce their electricity bills.
