Real Time Energy Metering — Banish Inefficiency
Sunday, March 14th, 2010As organizations of every shape and size face a twin pronged challenge when it comes to their use of energy, management should explore every opportunity to arm themselves with the best possible information and the highest quality data to enable them to take their best position. The company faces a strong call to become more sustainable and to cut back in every respect in the energy that the organization uses, as a consequence of the carbon emissions that result. The other challenge, of course, is the sheer cost of using the energy in the first place and the associated security concerns for the future.
Decision-makers at the highest level of an organization have had their hands tied to a certain extent as they have not been party to the best quality information, enabling them to make the smartest decisions. Real-time energy metering is a much more palatable solution when compared to a reliance upon historical data sources. Best case scenarios can now be addressed.
Real-time energy metering involves a dedicated network accessibility of data from meters throughout an entire system. Sometimes existing meters can be retrofitted, but at other times especially equipped meters are linked in order to capture data at specified intervals, for example every ten minutes.
An organization’s energy liability and carbon emissions footprint is effectively the sum of its energy use for each individual corporate asset. Each asset of any consequence must be metered in its own right, so that its contribution to the problem is assessed. Unless that asset is optimally efficient, a position of true sustainability may not be achievable.
Data loggers, as part of real-time energy metering solutions, provide data to a central database, where results are integrated, analyzed and presented. Reports are available on a micro analysis level, enabling the operator to make critical decisions and change the operation of the asset or assets in real-time, during the course of the billing cycle.
An energy utility bill represents a very large part of an organization’s monthly profit and loss account. The utility bill has been historically difficult to reconcile, unless the organization uses real-time energy metering solutions and has access to digitized reporting. Sustainability will be really difficult to achieve if an error laden utility bill was being allowed to go unchecked.
When real-time energy metering is used with digitized utility bill checking, organizations have found that they are able to compare actual use versus chargeable liabilities to an accuracy of less than 1/10 of 1%.
One of the beauties of deregulation in the energy industry is that an organization may “shop around” for a best procurement deal. When a company uses real-time energy metering it has access to sophisticated energy profiles and is able to drive for greater cost savings. We will see accurate metering as a critical solution for the business as the issue of corporate carbon footprint reduction becomes more and more important
Daniel Stouffer has much more information about real-time energy metering and how a visit to www.verisae.com will aid you.