Energy analysis of systems is generally associated with reducing costs and increased sustainability. Regardless of the size or kind of property, in modern times, sustained and considerable energy savings can be achieved with the help of energy services management. Energy management is even more crucial for commercial properties where the consumption is generally much higher than residential properties.
Energy management is a fundamental principle that is being adopted by a lot of organizations with different kinds of culture and business operations. The basic and very elemental strategy of energy management is reliant on a process that includes:
- Reduction of an organization’s energy consumption
Let us take a look at the key features and components of energy service management in brief detail.
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What Is Energy Service Management?
Energy services management typically involves a planned commitment for a particular property to measure and track the energy consumption within the property, identify the scopes for improvement, and implement measures to reduce energy consumption and save energy. It would also include an additional step of verifying the energy savings made by the organization or property owner.
The Key Components
By strategic management of energy services and consumption, an organization can save considerable amounts of energy. Along with that, it will also consequently save money while also protecting the environment by reducing the impacts of energy usage, i.e. reduction of greenhouse gas emissions.
That being said, energy service management has a few key components that must be discussed to understand its concept and execution better. Let us take a look at the key components.
It is the first and most obvious component of any successful energy management plan or strategy. Reducing energy consumption is achieved through the enhancement of energy efficiency, so that’s where it all begins. With increased efficiency, the overall spending will also be significantly reduced.
Efficiency can be achieved in a range of ways which may include:
- Curtailment programs
- Investing in energy-efficient systems
- Proper monitoring of systems and energy needs
- Retrofitting inefficient lighting and ensuring that all equipment is functional.
- Tracking energy performance.
- Auditing the property facility and making energy efficiency upgrades with the help of emerging tech programs.
- Integrating renewables (e.g., RECs, wind, solar) into the facility.
2. Environmental Sustainability
Another key aspect of energy management is ensuring environmental sustainability. A key reason to strive for energy efficiency is to reduce the impact on the environment, which can be done through the use of renewable energy solutions within the facility.
3. Risk Management
This can be considered as proactive cost management for the present and future with the help of energy management and making use of market expertise, monitoring and reporting.
Energy services management is the need of the hour, especially for properties and organizations with significantly higher energy consumption. It will help make savings, protect the environment and sustainably move into the future with the help of a proper and functional energy efficiency strategy and plan.