Building Energy Monitoring & Cost ReductionEnergy Monitoring and Cost Reduction is an energy efficiency technique based on the standard management
axiom, stating that “you cannot manage what you cannot measure”. Bond provides Energy Managers with
feedback on operating practices, results of energy management projects, and guidance on the level of energy
use that is expected in a certain period. The goal is to determine the relationship of energy use to key
performance indicators (production, weather, etc.) is to help business managers:
– Identify and explain increase or decrease in energy use
– Draw energy consumption trends (weekly, seasonal, operational…)
– Determine future energy use when planning changes in the business
– Diagnose specific areas of wasted energy
– Observe how the business reacted to changes in the past
– Develop performance targets for energy management programs
– Manage their energy consumption, rather than accept it as a fixed cost that they have no control
over.
The ultimate goal is to reduce energy costs through improved energy efficiency and energy management
control. Other benefits generally include increased resource efficiency, improved production budgeting and
reduction of GHG emissions.