One thing that surprised us when we started metering: idle draw is a bigger deal than most people think. Our 300T Aida was pulling 3.8kW just sitting there between runs — cooling fans, control power, hydraulic unit for the counterbalance. Over a 2-shift day with maybe 40% actual press time, idle consumption was almost 30% of total energy.
Easiest win: we added a PLC routine that drops the press into standby after 5 minutes of no cycle command. Shuts off the cooling fans and puts the drive in sleep mode. Drops idle from 3.8kW to about 0.4kW. Saves us roughly $180/month on that one press alone. The catch is you need a 15-second wake-up before the first stroke, so the operator has to plan ahead a bit.
For the metering setup — don't bother with clamp meters for long-term monitoring. We use Schneider PM5110 power meters hardwired on each press feed. About $350 each, logs to Modbus, and our SCADA picks it up. The per-stroke energy data is what really helps with optimization — you can see exactly which motion profile changes actually save energy vs just shifting it around in the cycle.