mm1975:
There are various ways to minimize a reciprocating compressor's power consumption:
1. Suction Valve unloaders;
2. Clearance Pockets;
3. Variable speed control on the compressor driver;
4. On-Off control.
You haven't stated the size of the compressor, the number of stages, the suction and discharge conditions, the gas being compressed, driver type, etc., etc. so we can't give a specific response to your un-specific case.
Generally, however, my choices would be:
1. Clearance pockets;
2. Variable speed;
3. Suction valve unloaders
4. On-Off control.
The best references I can cite are my personal operating experiences on reciprocating compressors.
I hope the above addresses your query.
Art Montemayor
Spring, TX