How Businesses Can Reduce Energy Costs & Achieve Net Zero | Our Property Bear
Updated: Jun 19
Are you looking for ways to drive down your energy costs and reduce your company's environmental impact?
You’ve probably heard of the concept of Energy Hierarchy, but do you know how it works and how to get started?
In this blog post, I will provide an overview of the basic principles of the Energy Hierarchy, explain why a business should consider implementing it as part of their energy plan and offer suggestions on creating an effective Energy Plan.
By following these steps - from understanding the basics right through to building a well-rounded energy plan - you can learn how to reduce emissions, increase efficiency and save money in the process.
So let’s dive in – are you ready to start optimizing your business' energy use?
The Starting Point
To reduce energy usage, you need to understand how much energy is being used. Calculate your current energy use by finding your total kWh of Gas and Electricity for the last 1-2 calendar years. If this data is not available, you can use "Current Primary Energy Use per square meter" (kWh/m2 per year) from your Energy Performance Certificate.
Determine Relevant Benchmarks
Your energy use is impacted by changes like additions or reductions in occupancy. To determine benchmarks, calculate energy use per room, occupant, and per sqm. This allows you to compare different buildings and locations. Keep in mind that energy use is largely dependent on geographical location and targets need to be specific to your degree day location.
Set a SMART Objective
Once you have historic data and benchmarks, set a Smart objective that is Specific, Measurable, Achievable, Relevant, and Time-bound. For example, reduce the kWh/m2/year in a hotel by 5% in 2022 based on the 2021 annual usage.
Reduce the Need for Energy
Eliminating the need for energy is the first priority. Identify high usage equipment and investigate savings opportunities. Start with building maintenance, equipment, and staff training.
Use Energy More Efficiently
Focus on areas where the most energy is being used. Review and present findings to your team. Use the Our Property Bear system to record actions and keep track of improvements.
Use Renewable Energy
Pick the best renewable energy source for your property and business needs. Any use of fossil fuels should be clean and efficient.
Monitor and Report Performance
Systematically monitor and report performance using KPI's. Keep track of actions and improve energy use over time.
Remember, engaging with people is crucial in eliminating energy waste. Educate your team, track progress, and keep improving.