Formulating an energy plan for your company

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Courtesy of Compliance Management International

Though current energy prices have stabilized, history has shown that volatility and uncertainty will return. The current situation is an ideal time to prepare for future price swings and the corresponding impacts on their costs. In many cases, energy users go about trying to reduce their energy costs without considering life cycle costs and endorsement from senior management. An Energy Plan should be the first step before attempting to reduce energy costs. Why an Energy Plan? An Energy Plan basically sets the strategy to identify opportunities to reduce costs and brings value. It’s your roadmap on how to go about minimizing your energy usage so that you can apply the savings to your business’s operations. Reducing your energy costs can substitute for selling off assets, cutting employees, or reduce other cost measures that can reduce your profits.

Having an Energy Plan brings value in several ways:

• Provides ability to track energy usage and cost
• Identifies opportunities for significant improvement
• Allocates costs to business processes, programs and processes.
• Creates accountability for departmental actions
• Improves the visibility of utility expenditures
• Obtains participation from the entire organization.

What’s in an Energy Plan?

Your Energy Plan should focus on five basic areas:

• Establishes energy reduction goals
• Management of energy data
• Management of energy supply
• Energy use in facilities
• Efficiency of current equipment
• Organizational integration

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