Essential Requirement at all Levels of Business to Reduce the Cost of Energy

1. Essential Requirement at all Levels of Business to Reduce the Cost of Energy In the age where green living and energy conservation become the necessity of life, Energy audit proven to be an effective tool in defining energy management programs and also money saver by saving energy cost which business premises generates. By saving energy at all levels especially small businesses can save money. Energy Audit answers to the questions like what to do to save energy, How to save energy, at what cost it can be saved, and what are benefits Organizations can derive from this audit. It aims at continual improvement in energy utilization like financial audit which stresses to maintain regularity. For better future perspective companies who prefer Energy audit can conserve energy without affecting the output, they stress reducing the Input energy. Directly or indirectly they help in reducing the carbon footprints and also helps in cost optimization, pollution control, and safety aspects and also suggests how to improve the system’s operating and maintenance practices. It has been observed that the Indian Industry consumes more energy as compared to Industries in developed countries and also by optimizing the use of energy by better housekeeping, and the time of replacement use efficient equipment can save energy by 15 to 30% which eventually lead to saving the money for the company. Energy Audit has some listed Objectives which are as follows: Assessing different operations cost centres to present the pattern of energy consumption How Energy inputs and production output related Potential areas of thermal and electrical energy can be identified Major areas wastage can be highlighted For Individual cost centres fixing up the potential energy-saving targets Realizations of savings and energy conservation measures implementation Why Energy Audit Becomes a Necessity

2. Electrical and Thermal, labour and materials these top operating expenses of the company are found to be energy-related. If one relates to the above component about the manageability of the cost or potential cost savings then energy would invariably come on a top and require a strategic role for cost reduction. It helps to know more about the energy and fuel used in any industry and also identifies the areas where waste can occur frequently and where improvement is required. It gives a positive orientation to the cost reduction of energy, maintenance prevention, and quality control programs which are important for utility activities and production. It helps to keep the focus on variations that occur in the energy costs, reliability and availability of supply of energy, appropriate mix of energy decided, energy conservation technologies identify, etc. Energy audit benefits Economical and Environmental both, for the energy sector it is an important activity. To focus on big areas business may ignore the small areas where money can be saved. This audit will help to identify those areas. It is designed in such a way to identify where energy waste is more so that corrective measures to be taken to reduce the energy losses.