Explore energy efficiency projects and programs: Companies should inventory potential energy efficiency projects and rank them in terms of payback. Upgrading compressor controls so compressors operate more efficiently can play a considerable role in curtailing costs. As circumstances such as energy costs and corporate payback thresholds change, it is important to update the inventory of energy efficiency projects and equipment upgrades. In addition to examining energy efficiency projects within the plant, it is also important to identify and take advantage of energy efficiency programs offered by utility companies and state and federal agencies.
Implement an energy use and cost-tracking system: Surprisingly, many businesses do not have a good idea of how much energy they use or how much it costs. Oftentimes energy bills come into A/P and get rolled into a general ledger, without tracking the energy costs in a manner that is useful at the management level. Companies that use U.S. Energy Services, however, can access their energy usage and costs through a Web-based system that provides a variety of reporting tools and information that can be tailored to fit a specific company’s needs.
Make Time to Save Money
Taking the time to implement a strategic energy management plan, enlisting the services of an energy management company, or a combination of the two, will provide businesses with an opportunity to save a considerable amount of money on their energy budget.
By implementing an energy management plan that is aligned with the corporate goals, companies can overcome market volatility and even take advantage of market movements to optimize the money spent on powering their business.