ENERGY MANAGEMENT
What is Energy Management?
Energy management is the systematic use of management tools and technology to improve the energy performance of an organisation. Energy management must be tailored to the nature and size of the organisation.
For many organisations, energy use can represent a significant cost. Energy prices are volatile with costs continuing to increase over the medium to longer-term. A proven and cost effect approach to ensuring that energy use is minimised is to develop a structured, formal energy management strategy, supported by the use of digital technologies.
Energy Strategy
An energy strategy is a document setting out an action plan of how energy will be managed in your organisation to meet the policy objectives.
Identify the eight key areas the strategy should address, although they may not all be applicable.
The eight areas are:
Organising energy management
Regulatory compliance and incentives
Investment
Procurement
Automatic Monitoring and Targeting
Opportunities identification
Organisational culture
Communications
Once your organisation has adopted an energy strategy, and appointed key personnel to identify and address the management requirements, it will be well placed to use digital technologies for energy management.
Top five elements to building a successful energy management strategy
Many companies are turning to energy management programs to monitor, control, and conserve their energy consumption for more positive financial and social outcomes. So, when it comes to building the right strategy for energy management, what exactly are the right pieces to complete the puzzle?
1. Identify Sources of Energy Consumption
2. Collect Utility Bill Data
3. Analyze Meter Data
4. Identify Opportunities to Save on Costs
5. Track Your Progress
