How to set up realistic business energy goals?
Companies are starting to recognize the wide range of benefits that energy efficiency can provide. As a result, an increasing number of organizations are defining business electricity or energy-related objectives and implementing a corporate energy plan to achieve them. Strategic energy management entails maximizing energy efficiency through initial investment and perseverance over time. As a result, you must develop a framework to assess the effectiveness of an energy management strategy with clearly defined objectives that are regularly conveyed to all parties.
Whether you have yet to establish your corporate energy objectives or want a broader strategic approach to making these energy statistics and goals work for you, the steps below can help.
1. Determine your target
Setting a goal is a big undertaking. To begin narrowing the emphasis, decide what sort of goal makes more sense for your organization. Suppose you are driven to energy control only for cost-cutting purposes. In that case, the sort of objective you establish will be distinct from that of a firm seeking to improve its corporate image or facing regulatory demands. Some examples of goals to consider are:
- % Of renewable energy consumed
- total energy effectiveness
- Emissions of greenhouse gases
- Spending on energy costs
2. Asses and measure/benchmark
To select a goal that makes sense, you must first assess your existing situation. That entails collecting relevant measures of your current position concerning the sort of objective you wish to set. This may include closely scrutinizing energy bills for energy use or employing more sophisticated monitoring techniques to evaluate efficiency or emissions. Benchmarking may also be a helpful activity in this situation, as it allows you to see where others in your sector are standing so that you can set your objective competitively.
3. Establish a Timeline
It is critical to set a precise timeframe for achieving your energy target. The time range you pick will also impact how ambitious your objective may be because more time signifies a more extended period for changes to take effect. On the other hand, Longer periods need frequent progress updates to confirm that your plan is operating as intended.
4. Set some Goals
With the information obtained in stages one through three, you should have a much better idea of the goals that are feasible and meaningful. It is now time to set that objective. Energy management objectives need buy-in from several departments and personnel, so make this aim publicly known so that you can begin developing the strategy that will bring you closer to your goal.
5. Measure in increments
Setting a goal and not assessing your performance till your timeframe is over is a blunder. Instead, incremental measures should be a component of your overall energy management strategy. That way, you’ll be able to identify which of your new tactics and expenditures are performing well and which aren’t.
Goal planning is critical in the energy industry and almost every other aspect of a business. It is simple to state that energy management or sustainability is “essential,” but it is far more challenging to create goals and put plans to back up that claim while generating positive outcomes consistently. The steps mentioned above are just the basic steps to start an energy management plan and set up energy goals that can be reached and are realistic.