Everything You Need to Know About the Usefulness of Energy Management
Do you like making money? We thought so.
What if we told you that you could cut down on your expenditure month-after-month without any effort on your part? This is the true usefulness of energy management.
You may have heard the term energy management flying around recently, as the industry is getting more important. At its most basic, energy management is the system by which businesses monitor and regulate their energy usage.
Why should this matter to you? Well, it can save you a lot of money, for a start, but it can also make your business a lot more stable. For instance, if energy prices were to skyrocket tomorrow, would you be able to keep paying your bills?
We know that investing in energy management is not done absentmindedly and will take careful consideration. We're confident that our services can make your business even better.
Ready to learn more, save money, and diaster-proof your business? Keep reading!
What is Energy Management?
We've told you what energy management is at its most basic, but in this section, we'll take a look at it in more detail. Energy management is a way to monitor your energy usage and to take action as necessary. Let's take a look at the energy management process.
The usefulness of energy management depends on the accuracy of the data collected. There are two ways to go about this.
If you have traditional meters an energy management official will come in and take readings periodically and collate this data. This data can then be collected and analyzed. This method works for some businesses, but it's not the most accurate way to get the data.
The best way to collect data is by using smart meters. These can relay data at a minute scale to us. We can analyze data minute-by-minute, rather than hour-by-hour or day-by-day as the case would be with traditional meters.
Next up, we analyze the data. We will spot when you're using the most energy and when you're wasting it. One larger example would be if you're heating large areas of your buildings during the night time when fewer employees are present, and some areas of the buildings are unoccupied.
Finding Ways to Reduce Waste
When we've identified what's causing you to waste energy we can take steps to counter it. For instance, let's take the heating aspect from earlier. We can take a look at your heating policies for the night shift and see how we can improve them.
This might not mean cutting off heating across the entire building, but it could mean investing in heating that can be targeted.
Reaping the Rewards
When you've put these new measures into place, you can start reaping the monetary rewards!
How We'll Make Your Business Better
When we track your energy, we'll continuously identify new ways to improve your business' finances. This could mean installing new insulation, changing your lighting and heating policies, reducing unnecessary energy usage, and more.
There's likely to be multiple avenues to go down when reducing your business' energy waste. These range from larger opportunities to save more money and smaller ones that won't reduce costs to such a large extent. We'll start with the larger opportunities and work our way down to the smaller ones, so you can see the larger benefits first.
The Usefulness of Energy Management
We've shown you how we can gather energy management data and how this can be used to make your business better. In this section, we'll take a look at the true usefulness of energy management and why it matters.
Businesses waste a lot of energy and smart businesses are starting to take note and save energy. This is important for a couple of reasons.
Firstly, it means smaller energy bills for you and your company. That's a huge benefit in the here and now, but it is only going to get more important. As the fossil fuels that we use for a large part of electricity generation become more scarce, prices will rise.
According to the National Intelligence Council, prices are set to rise by 25 percent in the next 10 years. If you can cut energy usage now, the savings you make will increase in the next decade and you'll be prepared for the new costs.
Better For the Environment
The planet is warming up and we're not doing enough to combat this dire situation. If we want to take better care of the planet, we need to look at ways to cut down the amount of energy we use. The best way to do this is through efficient energy management.
This is another facet where the usefulness of energy management comes into its own. Cutting down your energy usage reduces your carbon dioxide output and thus helps combat global warming.
When you cut down the amount of energy you use, you're less likely to be critically affected by a spike in energy prices. This is a way to disaster-proof your business and prevents bankruptcy caused by skyrocketing prices.
Energy Management FAQs
In this section, we'll field some of the most common questions we get asked about energy management.
How Much Money Can I Save?
The total savings that energy management can give you will depend on how much energy you're wasting. It could be a few dollars or it could be several thousand over each billing period.
Is It Worth Installing Smart Meters?
Smart meters give us a much better way to monitor your energy efficiency. While we can still save you money without them, you're unlikely to see such big savings.
What Kind of Modifications Will I Need to Make?
The improvements that you'll need to make to your business will vary. It could be as simple as turning off heating to some parts of the building or it could be complex and involve making changes to the building's structure.
How to Start Managing Your Energy
We're experts at making sure that your business is running as efficiently as possible. As such, we offer a range of energy management services to help improve your business and harness the true usefulness of energy management.
If you've got any questions about us or our services, please get in touch.