While the recent winter storm in Texas and its rolling energy shortages has brought the subject of the availability of affordable energy and deregulation of power markets to the forefront of the conversation, this has been a problem in many areas of the world for a long time. This is mainly because of the large fluctuations in the price of energy that both residents and businesses have to endure.
It's ultimately the law of supply and demand driving such issues - when energy supply is eclipsed by extraordinary demand for it, an inconvenience during the best of times becomes a crisis in the case of extreme situations such as unexpected winter weather, devastating storms, hotter than normal summers and other unpredictable situations.
In the case of manufacturing and other industries that rely on energy as an input for operations, the cost of energy can literally determine whether a production run is profitable or not. This post discusses methods for monitoring energy costs in real-time from your HMI, SCADA or MES system using OPC UA or OPC DA, for decision support to prevent avoidable losses.