The highest recorded demand for electricity from your network within a 15 minute period is measured in kVA or kilo volt amperes.
These high levels of demand can incur penalties in your power bills, typically for high rise apartment buildings.
The solution can be to install a “Power Factor Correction” unit in your switch room which manages your Peak kVA demand for you.
One building we worked with installed one at a cost of $25k. Some other buildings have been able to get away with solutions as cost effective as $6k.
The main problem is “real estate” in your switch room. Can you physically fit one of these units mounted on the wall.
With all the NBN providers adding comms boxes to the switch room, you might have to prioritise that remaining space.
Wattblock assists strata buildings reduce energy costs by up to 80%