Objective of Energy Management

Energy Management:

Energy management is:

The sensible and effective use of energy to maximize profits (minimize costs) and enhance competitive positions.

Objectives of Energy Management:

The primary objective of energy management is to maximize profits or minimize costs. Some desirable sub objectives of energy management programs include:

1. Improving energy efficiency and reducing energy use, thereby reducing costs.

2. Cultivating good communications on energy matters.

3. Developing and maintaining effective monitoring, reporting, and management strategies for wise energy usage.

4. Finding new and better ways to increase returns from energy investments through research and development

5. Developing interest in and dedication to the energy management program from all employees