Over the past decade there has been a significant shift in how businesses operate, especially when it comes to managing energy across their property portfolios. The growing competition for energy supplies has prompted the private and public sector to review and measure their energy consumption and implement energy management strategies that drives down energy usage through cost-saving initiatives. This has all been made possible via technological advances to create efficient and innovative energy management strategies that provides tangible results.
Energy management is defined as the process of controlling, monitoring and conserving energy. It includes practices such as metering and taking all possible opportunities to save energy within a building. Many buildings contain legacy systems in need of review and upgrade and when it comes to property development the energy strategy needs to be a key consideration, particularly as energy management constitutes around 40 percent of building management costs.