Energy & Data Monitoring
Cost of Energy
For most industries, the cost of energy is outpacing all other variable costs. For example,
Brent crude was $20 a barrel in 1998 and peaked at $147 a barrel in July 2009 then falling to $80 a barrel in May 2010. This equates to a 735% increase from 1998 to 2009 and a 400% increase over the last 12 years. Or a 33% increase per year. When viewed with this perspective, clearly any reduction in energy consumption can have a massive impact on the profitability of a company.
A reasonable and achievable corporate energy Strategy may be to reduce energy consumption and CO2 Emissions by at least 10% or more over the next three years. Greater reductions are probably possible in most companies but achievable and measurable targets are vital to achieve success and measure success.
If you can’t measure it, you can’t save it.
The existing costs and usage must be measurable.
To enable achieved cost reductions to be identified, they must be measurable.
Ensure Sufficient Metering
Metering should provide sufficient ‘evidence’ to pin point avoidable wastage without requiring expensive and time consuming detective work.
