Energy Cost Savings

Energy Cost Savings Call For Digitization

Almost every organization in existence today is unable to turn a dime unless they use an element of energy in the process. This total reliance on energy reflects strongly on the balance sheet and corporate utility bills are the subject of much attention, with frugality in mind.

Business leaders, like their politician counterparts, realize that energy security is pivotal to their success and of extreme importance in planning terms, moving forward. As energy and utility costs, to a certain extent, are a "necessary evil," energy cost savings must be pursued by the company at every opportunity.

Almost every organization in existence today is unable to turn a dime unless they use an element of energy in the process. This total reliance on energy reflects strongly on the balance sheet and corporate utility bills are the subject of much attention, with frugality in mind.

Energy cost savings form part of a solution to the problem of corporate sustainability. Energy management strategy must reflect the volatility of this arena. We have seen spikes in the cost of oil and other fossil fuels and know only too well that these sources are finite. Attempts to explore the viability of alternative energy solutions are laudable and progressive, but represent less than one tenth of potential capacity.

The cost of energy is outpacing inflation and we have seen the cost of raw power increase over 110% in the last 10 years with an increasing and accelerating trend. Management teams have been charged with the responsibility of implementing energy cost savings, as and where possible. Each and every employee within the enterprise is told that it is his or her responsibility to make sure that wastage is kept to an absolute minimum.

Energy Cost Savings for Business Requires Planning

Energy liability can be broken down into two distinct areas. The first involves the security of the supply chain and its associated price and the second involves the adequate implementation of energy efficiency programs. Both factors reflect the organization's environmental stewardship, partly due to a wish to become far more efficient from a security and cost perspective, but also from a wish to be seen as environmentally progressive.

Established companies have to look at energy from a historical perspective, even as they make plans for significant changes going forward. Energy cost savings can be far more easily recognized and realized when the organization has a "clean sheet of paper" with which to plan. New construction, for example, can be engineered in advance to take advantage of the latest energy cost-saving techniques, alternative fuels and "green building" architecture.

Energy Cost Savings Can Be Helped with Smart Devices

Historically, it is often rather difficult to replace complete systems within any organization to take advantage of energy cost-saving programs. In these cases, retrofitting is a much more palatable option. In any case, the "status quo" is not acceptable and organizations may not simply turn their back on a problem as an increasingly agitated public requires us all to address the issue of sustainability quickly.

For organizations looking to capture energy cost savings at point of use, smart devices are available to help explore energy metering in real-time. These smart devices may be programmed to allocate energy to the associated asset according to "best use" practices and utility bills may be digitized, allowing for much more precise accountability.

About Verisae

Verisae helps measure, manage and reduce equipment and energy costs including the related business and environmental impacts of carbon emissions. The Sustainability Resource Planning (“SRP”) software platform improves operational efficiency, protects brand integrity and helps ensure regulatory compliance for distributed enterprises across many industries. Verisae delivers a broad range of sustainability solutions to dozens of clients globally with thousands of daily users including an extended network of third-party suppliers. Verisae’s integrated sustainability platform actively tracks millions of assets across thousands of sites worldwide.

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