Energy management

What is Energy Management?

Energy management can be broadly defined as the proactive, organized and systematic management of energy use in a building or organization to satisfy both environmental and economic requirements [1].

Companies across all sectors are turning to energy management as a means to reduce their operating costs. Specific requirements and practices differ by sector, but the core principles apply to all companies. It involves the following steps:

1. Collecting the energy data and metering your energy consumption

2. Identifying opportunities to save energy

3. Taking action to save energy

4. Tracking the progress and ongoing improvement

Whether you associate energy management with energy-saving efforts that focus on making better use of existing buildings or equipment, or with energy awareness, it doesn’t matter.

Energy management is a process that does not limit to large buildings and offices. You can apply the same principles for your home and therefore continue the positive loop explained in the four steps above (collect, identify, act, track).

 

Why Manage Your Energy?

Energy management is the foundation for saving energy at your organization level.

With growing demand and shrinking supply of non-renewable natural resources like coal, energy costs are set to rise.

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We need to save energy in general for our planet to reduce the damage we’re doing and reduce our dependence on the fossil fuels that are becoming rare.

Energy management for your business enables you to:

1. Reduce costs

2. Reduce carbon emissions and the global damage they cause

3. Reduce risk: the more dependent and consumer of energy you are, the higher the risk on your profitability is.

In such a world, saving energy makes good business sense. Of course, anything worth doing is worth doing well. Having a structured approach to energy management can maximize benefits and reduce risks.