The importance of energy management and measurement
As energy costs continue to rise across the UK, cutting costs and reducing carbon emissions are becoming an increasingly high priority for business leaders.
As energy costs continue to soar, the importance of energy management and monitoring has never been greater.
According to energy analysts Cornwall Insight, SMEs have faced an average increase in their gas bills of more than 250% over the past year.
only. Another price increase is expected in October, where, according to the latest forecasts, we should expect an even greater increase in energy prices, of a staggering 51%.
Despite this, in a study by the Office for National Statistics, in the second half of 2021, almost half of all companies surveyed said they were not implementing any action to reduce their carbon emissions.
Overcome Fears of Cost, Expertise and Knowledge
The top three challenges preventing these companies from taking action are a concern about the cost of implementation, a lack of expertise to evaluate different options for change, and a lack of knowledge about how to measure energy returns.
Decreasing energy consumption lowers business operating costs, lowers carbon emissions and shows customers that a business cares about the environment. So why is it proving so difficult to convince business owners to take a serious look at their energy production and learn how to make it more efficient?
Increased awareness of the strategic importance of energy management and monitoring is key to overcoming these barriers to change. After all, you can’t improve what you don’t know – and this lack of understanding can be overcome by taking simple steps to monitor your energy.
Whether you use advanced meters or smart meters, each can provide an accurate measurement of energy consumption. There are many types of advanced monitoring systems that help build a detailed picture of energy consumption within a business. However, even just getting your meter information every half hour from your electricity supplier, it
can be the starting point that will help provide valuable information about your company’s energy efficiency.
Growing popularity of smart meters monitoring energy production
Smart meters are also growing in popularity as they provide real-time readings of the amount of energy used and automatically send readings to suppliers.
Smart meters and half-hourly meter readings allow you to monitor and analyze energy consumption patterns throughout the day, which can then be assessed against hours of operation.
For a business that operates between 9:00 a.m. and 5:00 p.m., you will most likely see peaks in power consumption during this time, with zero power consumption outside of these hours except for base load consumption such as fire alarms and emergency lighting.
Seeing large spikes outside of operating hours is a costly problem and easily fixable with the use of a power management system that will measure your power usage and inform you along the way on how to continue to be as efficient as possible.
Pilot Group’s easy-to-use Energy Manager 2.0 is designed to control and monitor heating systems for businesses ranging from SMEs to large enterprises. Smart sensors and self-learning algorithm allow heating systems to operate more efficiently to reduce waste.
Its user-friendly portal can be accessed remotely from any location or device with an internet connection, making it ideal for not only monitoring one or more sites, but also for significant cost savings. and carbon – an average of 40%.
Recent years have seen a proliferation of energy management systems technology, which has involved sophisticated systems and processes.
Sub-metering is growing in popularity as a method that gathers more granular information about a business or site’s energy use by identifying energy consumption in different areas of buildings and equipment. It also often acts as an early warning system, for any equipment that needs maintenance, helping to keep your business running as efficiently as possible.
As the cost of purchasing energy from the grid continues to rise, effectively managing energy expenditure to protect profits is a priority for all businesses in the UK.
It is essential that businesses constantly monitor and measure their energy consumption, a process that is easy to implement for those who do not already have it in place. The more energy data you have, the more detailed your energy profile will be. Using this data to plan your business operations more efficiently will not only reduce your carbon emissions, but also have a huge impact on profit margins.
It is a common fear that buying green technology is an expensive investment, however, while most energy efficient solutions are relatively inexpensive, the question I always ask my clients is: Can you afford not to? With respect to the cost of purchasing an energy management system versus the risk of ineffective or non-existent controls, and with energy
prices are rising more than ever, that’s for sure.
Research from the Carbon Trust shows that most businesses can make significant savings by reducing their energy consumption and that even low-cost, free action can typically reduce costs by at least 10%.
Taking steps now to measure your energy use could lead to significant results both financially and environmentally, helping your business survive the rising energy prices we are all facing.
When we look at the top three barriers reported as preventing more companies from implementing energy management, it’s clear that they are all easy to overcome.
There is indeed a positive financial gain to be made by investing in an energy management system. Many companies and experts are also on hand to offer simple advice on how best to measure your energy output and evaluate the results.
If companies have obtained their half-hourly data but are unsure how to analyze the information, Pilot Group can help make sense of it all by converting the data into an energy profile that will identify energy consumption patterns throughout throughout the day which can be evaluated according to the hours of operation.
Shayne Wilson is the Energy Management Systems Sales Manager at Pilot Group