Economies world over are under recession which has continued for too long now. The GDP figures have shown downward trend in last 2-3 years. Organizations are looking towards cost cutting measures in a big way just to stay afloat. The natural tendency for any organization in troubled times is to cut down on the unnecessary expenditures. The finance personnel suggests many options to the CEOs of the units to reduce cash outgo. Energy Efficiency Measures though help in reducing the energy consumption but at the same time involve initial capital investments.
- Energy Efficiency Measures classification after preliminary audit.
- Energy Efficiency Measures involving moderate capital expenditure but offering returns in short run.
- Energy Efficiency Measures involving big investment and offering substantial recurring returns.
The EEMs which are listed down after preliminary energy audits involves change in practices and working methods. There is almost none or very little investment needed in adopting these practices. Examples of such EEMs are change in shift timings for balancing loads, Energy Conservation Measures like adopting good practices like switching off lights when not in use, setting higher temperature for air conditioning.
EEMs involving moderate capital expenditure are like sealing of all doors and windows, replacement of glazing, replacement of motor belts/drives, change in lighting systems, installing occupancy sensors, improving insulation of all pipes and coils.
Big Energy Efficiency Measures involve retrofitting of boilers, change in fuel types, replacement of HT/LT Motors, installing solar heating and photovoltaic equipment.
The present uncertain times may be the best times for organizations to embrace big ticket energy efficiency measures. The present times may see units operating at sub optimal capacities so any investments in energy saving would go a long way in improving the financial health of organizations in the times to come.
Organizations must proactively go in for energy efficiency measures to save energy in recurring ways.
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