With the rapid energy price increase, businesses more often investigate their bills wondering why...
Unleashing the Power of Energy Data Analytics
It has been an eventful couple of years for businesses across the country, especially when it comes to energy. Many businesses and individuals are seeking innovative solutions to reduce costs, enhance sustainability, and optimise energy consumption. One such solution that holds immense potential is the utilisation of energy data analytics. But what do we mean by this? And how can it actually help businesses save money?
What are Energy Data Analytics?
Energy data analytics involves collecting, analysing, and interpreting vast amounts of energy-related data to gain insights into consumption patterns, identify inefficiencies, and make informed changes to your energy behaviours. This data can range from information readily available on your bill to more granular data gathered using an energy management service.
What are the benefits?
Through analysing your energy data you gain a deep understanding of your consumption behaviours throughout the day, week, month, and beyond. This level of understanding of your energy usage allows you to identify peak usage periods, uncover hidden energy waste, and pinpoint opportunities for optimisation.
Using this knowledge you can identify energy-saving opportunities, allowing you to significantly reduce your energy consumption and associated costs. Data analytics allows you to identify specific areas where energy usage can be optimised, leading to substantial cost savings over time.
Effective energy management not only reduces costs but also contributes to environmental sustainability. By leveraging energy data analytics, businesses can uncover opportunities to reduce their carbon footprint, align their operations with sustainable practices, and produce sustainability reports.
So, why go for an energy management service?
If you decide to employ an energy management service, they can not only provide and analyse the energy data, they can also deliver actionable insights and recommendations tailored to your unique energy needs, with minimal work and input from your side. By analysing data, identifying usage patterns, and benchmarking against industry standards, they can provide businesses with targeted recommendations to optimise energy consumption and enhance efficiency. Energy consumption is a dynamic process influenced by various factors such as changes in operations, equipment upgrades, seasons and the weather, or shifts in occupancy patterns. An energy management service takes all of this into account and provides continuous monitoring, allowing for proactive management and maximised savings over the long term.
So, what do you think? Do you think energy analytics is worth the time? There’s no doubt that it can be a daunting process to start gathering and analysing this data, which is why energy management services take all of the hassle off your shoulders, giving you only the information that you need to make savings and improve your practices.
At OAK Network we have identified savings of up to 20% on the energy bills of our clients, making energy data analytics an invaluable tool for your business. To find out more about what an energy management service does, get in touch and ask to have a look at our brochure.