So, the cost of ownership is the purchase price and installation costs, plus the cost of running, plus the cost of not running.
For example, a 45 kW motor costing £1,738, with 94.1 percent efficiency and running for 6,000 hours per annum could cost around £600,000 over a 20 year life. This assumes an average electricity price of £0.09 and the downtime cost of every five years of say £20,000.
As we can see, true cost of owning a motor is far more important than the initial purchase price. Which is more expensive to own: an electric motor that costs £790, or one with a price tag of £1,185?
The IE3 regulations are your chance to ask your motor vendor what they provide to help you cut these costs down to size. High reliability? A service plan?
Clearly, a low purchase price doesn’t tell the whole story and you need to ensure you are buying a lifetime of low costs, not a one-off cheap deal.
Contact the ABB Energy & Productivity Team to book your motors appraisal and learn about the real costs of running a motor and where savings can be achieved.