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What is Energy Benchmarking? And How Does it Help?
Benchmarking is essentially the act of collecting data to serve as a measurable standard, enabling comparisons between current efforts and outcomes. A benchmark represents the highest level of performance attained, while benchmarking itself is the process of evaluating against this peak performance. Insights drawn from these observations can guide organizations toward adopting innovative methods or best practices. By comparing their internal processes with those of other businesses, competitors, or entire industries, companies can pinpoint areas requiring adjustments to enhance overall efficiency.
Energy benchmarking operates under the same principles. It entails gathering relevant data and comparing the energy usage of a facility either against its own history or against other structures or predefined benchmarks.
Just like any form of benchmarking, energy benchmarking relies on two distinct types of data: internal and external. Internal data focuses on collecting and analyzing historical energy and water consumption data from the building, typically obtained via utility meters or submeters. While compiling this information might seem straightforward, presenting it meaningfully for benchmarking purposes demands a robust energy management information system (EMIS). External data involves comparing the facility's energy and water usage with similar buildings or established standards.
### The Advantages of Energy Benchmarking
In numerous cities, mandatory energy benchmarking for buildings is becoming increasingly common to align with specific regulatory requirements. However, there’s no need to wait for local governments to enforce compliance—energy benchmarking is both environmentally responsible and beneficial in several ways:
#### 1. Enhanced Building Efficiency
Energy benchmarking empowers property managers and owners to refine their building operations systematically. This structured approach not only highlights inefficiencies but also establishes benchmarks for improvement.
#### 2. Pinpointing Problematic Areas
By benchmarking your energy usage against comparable buildings or even your own historical data, you can identify equipment, systems, or users that might be consuming excessive energy. This targeted analysis allows you to prioritize corrective actions and create effective strategies for improvement.
#### 3. Expanding Your Knowledge Base
Combining internal and external data fosters a deeper understanding of energy consumption patterns. This integration offers actionable insights, creates useful benchmarks, and reveals best practices. For instance, observing how another building achieved superior performance can inspire similar upgrades tailored to your needs.
#### 4. Strengthening Investment Justifications
Leveraging existing knowledge about successful energy-saving initiatives or emerging technologies enables you to calculate return on investment (ROI) for proposed projects like submetering, smart HVAC systems, intelligent sensors, lighting upgrades, and building envelope improvements. Greater control over energy expenditure directly boosts profitability.
Understanding how each building stacks up against top performers within your portfolio, and comparing your company’s energy usage to industry norms, lays a strong foundation for achieving excellence.
For more resources on optimizing energy management, consider exploring tools like i-Meter IntelliMeter. Stay ahead of the curve with cutting-edge solutions designed to elevate your building’s performance and reduce environmental impact.
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