How Real-Time Energy Management Can Impact Your Business
Energy management is often done reactively, especially when it is undergone as a reaction to the company’s exorbitant monthly energy bill! However, energy management is far more effective when a proactive approach is taken. Reducing your energy use next month won’t prevent you from paying the bill this month, which is why it is necessary to stay on top of your company’s energy usage as it is occurring. Implementing a real-time energy management system can help your company take the proactive road to energy management and optimize your overall energy use.
What is Real-Time Energy Management?
Real-time energy management is a system for managing energy that uses analytics to provide the business with specific information about their energy consumption. Rather than providing one overall energy consumption total, a real-time management system breaks the data up into organized, readable numbers. These systems are updated immediately, as the energy is being used. This can allow businesses to catch excessive energy use before it grows into a large, expensive problem. Frequent reviews of the company’s energy use are necessary to ensure that energy is being used effectively and optimally. Real-time energy management can help you stop problems as soon as they begin to develop, limiting the damage to your energy consumption and energy-related expenses.
Benefits of Real-Time Energy Management
There are many benefits to the use of a real-time energy management system. This system can show you exactly where and when improvement is needed regarding the company’s energy use. It can demonstrate peak demand times, where the most energy is used, and why it is used during this time. A real-time energy management system is also able to track the consumption of various types of energy and utility use, such as gas and water.
A real-time energy management system isn’t only valuable to help company’s track their energy consumption, but they can also be used to measure the production of renewable energy sources. This can help the company see how effective their energy production systems are, as well as make any necessary changes. They can measure the difference between how much energy is produced and how much energy is consumed, providing you with all of the information you need to improve your company’s energy efficiency.
Real-time energy management systems provide live data that is organized in an easily readable manner, allowing the company to see how they are doing with minimizing their energy consumption, as well as where they need improvement. These systems provide a proactive approach to energy management, which is much more effective than reacting to excessive energy use after it has already occurred.
Additionally, with overall energy use, it can be difficult to determine where the bulk of the energy is being used. A real-time energy management system can help isolate energy guzzlers and may even indicate problems with equipment and appliances. This can be especially helpful for landlords who often manage multiple properties, with multiple appliances that may be using much more energy than necessary. Not only may energy loss be contributed to a malfunctioning appliance, but it can also occur when a building isn’t quite as energy-efficient as possible. The use of real-time management can help you determine where this energy is going, whether it is being consumed by an appliance or a room without proper insulation. Ultimately, a real-time energy management system will help a business optimize their energy use, reduce costs, and maximize their profits.
Why Do I Need Real-Time Energy Management?
Reducing your company’s overall energy consumption is a situation where everyone wins. Reducing the energy use will also reduce the amount of money required to operate your business efficiently. Additionally, minimizing energy consumption is much better for the environment. This can be an excellent selling point, as people are increasingly concerned with reducing their carbon footprint and tend to spend their money on companies that are making similar efforts. A real-time energy management system can show you where big, energy-guzzling problems are located, as well as help you pinpoint minor changes that will help your business’s energy efficiency.
Rather than showing you an overall energy usage at the end of the month, real-time energy management will help you see exactly where energy is being used as it is being used. This will make optimizing your company’s energy consumption a simple matter. This system can show you exactly how much energy is being used, when it is being used, and where it is going.
A real-time energy management system can also encourage employees to contribute to energy-conserving strategies. The ability to measure energy consumption and see progress to overall energy-efficiency can encourage employees to continuously take all the steps they can to help minimize your company’s energy usage. Your employees are an extremely large factor in your energy use, so it is important to ensure that they are doing everything possible to help with your energy reduction measures.
Many different kinds of businesses can benefit from the use of a real-time energy management system. Businesses that use a lot of energy may need to know where the energy is being used and how to reduce it. Tenant-oriented rental properties may benefit from the use of an energy management system, because the landlord often doesn’t have much control over how the tenants use their utilities. This can help the landlord, as well as the tenants, determine where energy could be saved and minimize overall costs. Additionally, companies that produce energy can use a real-time energy management system to determine how much energy their methods are producing.
Real-time energy management provides endless benefits to your business. Successfully managing your business’s energy use can help you maximize your profits while minimizing your costs. It can provide you with an extra bonus to your customers, who likely care about businesses being as environmentally friendly as possible. Optimizing your business’s energy use helps everyone win. Reducing energy consumption is as good for the environment as it is for your bottom line. If you manage a large corporation, multi-unit rental properties, or even a small business, you should consider implementing a real-time energy management system to ensure that your business is using its energy as efficiently as possible.