Energy management is an effective weapon for saving energy. Why? Because knowing how much, when and why your energy is being used will enable you to control and reduce your energy consumption … and expenses. Reducing energy costs through controllable and predictable power use can be a major contributor to increasing your bottom line. Unlike rates rent and other fixed costs, your energy use is in your control. Therefore, when you manage your energy effectively, your profits will increase and you will free up the much needed cash flow to grow your business.
There are four main considerations you need to make to manage your energy effectively including:
Metering energy consumption and collecting the data. The more detailed the data the better. For this reason we recommend interval metering systems because they make it possible to see patterns in energy waste that would be difficult to spot otherwise. When you monitor and measure use through different times of the day, or different days of the week, you will be able to identify patterns and these patterns will help you to establish your routine energy waste and its root causes.
Performing a meta data analysis – meter data collection is just one side of the equation. You need to quantify energy saving opportunities to eliminate energy waste. Often, the easiest ways to save energy require little or no capital investment. They can be as simple as establishing a company-wide awareness program educating employees to turn off light switches when leaving rooms or turning off computers at the end of the work day. Data analysis identifies your energy profile. By knowing your energy profile and linking your energy usage patterns with your operational activity, you become aware of how your business is consuming energy and why. When there seems to be no logical connection (i.e. you have high power consumption from your air conditioning out of hours), this could be indicative of energy being wasted that need to be investigated. The main areas of business that account for the majority of your power consumption usually include occupancy, heating ventilation and air conditioning, lighting, office equipment and miscellaneous business operation like industry specific equipment. Obviously, energy waste can be identified more readily if it occurs out of hours.
Targeting and realizing any energy saving opportunities. An energy audit is a great place to start this process. It shows a) the many ways to reduce costs and b) the actions that can be taken to improve productivity. A good audit gives you benchmarks to compare options and weigh in on future energy cost reduction measures. Once opportunities for cost-savings and energy reduction have been identified, actionable programs need to be put in place to derive any benefit from the analysis.
Reviewing and tracking the results. Once you have performed a data analysis, it is crucial to analyze the data and the action programs on a regular basis. Regular reviews are vital to ensure any action plans in play remain up-to-date and relevant. It enables you to see when programs need to change and act on them immediately. Track energy bills as they come in. Set energy savings targets to achiever once a year great way to save money and grow your business. Look at your data at least once a month (preferably once a week) to build a comprehensive overview of how your company uses energy use and be proactive in how you manage it.
Energy management is a simple and effective way to help your business save money and an equally easy way to lose money if you ignore it. To be fully effective, it needs to be part of an energy strategy with a clearly defined action plan of tasks. This is Diversegy’s core competency. We can complete all of the above and more on an ongoing basis, without cost or obligation. See our services section for more information.