SA fuel retailers and forecourt operators face high energy costs and low certainty

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SPONSORED | Advances in renewable energy technologies present alternatives for small businesses

14 June 2021 - 10:00Forecourts will increasingly be built to accommodate longer visits. Picture: SUPPLIED/FNB

One option is to embrace advances in energy technology. The rise of fuel retail has come with increasing demands on energy supplies. Refrigeration, in particular, is an energy-hungry process. But fuel retailers and forecourt operators in SA face two challenges in this regard: high energy costs, and low energy certainty.

Grid-tied solar systems are simple, comprising nothing more than solar panels and an inverter linked to the municipal electrical grid. The panels convert sunlight into usable alternating current when it’s available. They aren’t connected to batteries, and so switch back to the municipal grid at night or when the sun is obscured. During the day they can easily produce enough energy to power fuel pumps, a retail store and an administrative back end.

Advances in fuel technology are reducing costs for fuel retailers, but they’re also driving a sea change that will have an even more fundamental effect on forecourts. The worldwide shift towards electric vehicles and other alternative fuel technologies is slow but accelerating rapidly. The adoption of EVs in SA will lag mature markets, but their increased use is inevitable in the long term.

 

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