All nations, focused Nations are burdened by energy matters. Making energy and its management of vital importance in solving nations biggest challenges in the march towards energy efficient economy and growth.
The challenges, the 3Es are;
Environmental Quality- reducing global climate change and acid rain.
Economic competitiveness – reducing costs and creating jobs.
Energy security – reducing oil imports and balance of payments.
What then is energy Management?
The energy management cover a broad spectrum of activities and means different things to different people.
The energy management, we shall be discussing it for buildings, manufacturing and industries and defined thus:
The efficient and effective use of energy to maximize profits (minimize costs) and enhance competitive positions.
Simply put, itis the use of engineering and economic principles to control the cost of energy to provide needed services in buildings and industries.
These cost reduction results from improvements in energy efficiency (EE), changing and managing the way energy is used as well as shifting to other sources of energy.
Why do energy Management?
Energy management improves the bottom line, as there are direct savings, very often with low risk and comes with many non-utility benefits.
Maintenance, Material and Labor costs are saved. Improved building value.
Better cost-competitiveness – often the project return on investment (ROI) is greater than company’s profit margin as well as the project ROI is also usually greater than cost of investment.
Further it boost sales and/or employee recruitment because it improves “Green” and “sustainable” image of organizations.
It also reduces the pollution in our environment and allows organizations meet government regulations.
Energy cost savings
Most organizations that have implemented energy management programs are seeing profit improvements or cost reduction greater than the cost of activity.
An average energy cost saving of 5 -15% is normally achieved with no-cost actions and maintenance.
For lower cost investment or short payback actions, 15-30% average savings.
While higher cost investments with longer payback period yield over 30-50% savings.
Energy management has proven time and time again that it is cost effective.
You & I can see that for most manufacturing, industrial and commercial concerns, energy management is one of the most promising key profit improvements- cost reduction actions today.
The scope of energy management
Energy management spectrum cover Energy Audits & Analysis, Conservation, Efficiency, Time of use management (Demand side management) and Renewable Energy.
Aimed at sustainable solutions that cut cost, provide safe, reliable, efficient, productive and environmental friendly systems.
Energy management has found numerous applications in vitally every sectors of the economy and have stimulated interest that affects everybody.
From the business owner, top management, building/ facility/plant managers & maintenance managers, energy auditors and analysts in the utilities, state & federal agencies to energy services companies (ESCO). Energy management is a concern for all.
Subsequently we shall be discussing how to set up an effective energy management program, what it entails, how to do it and its benefits.
Contact us
Victor Oyedu, FNSE, FNIEEE, CPQ. Power Quality and Energy Management Specialist. Publisher at Afrienergyonline.com CEO, FullSpectrum Energy Solutions Limited, Nigeria.
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