Are you looking to improve your company's ESG performance, lower energy costs or just simply want to analyze your energy consumption? Turns out that monitoring and evaluating your business’s energy needs is the key factor for a profitable business, so in this video, GreenYellow will show you 4 reasons why energy monitoring is so important.

What is energy monitoring?

Energy management is the analysis and control of all the energy-related activities of a site, it is monitoring production, storage and consumption. Through energy management it is possible to get a better understanding on the consumption profile of the site, pointing out the most consuming devices. That way it is possible to take action on the biggest contributors to the energy bill.

The importance of Energy Monitoring

1. Identify issues

"There is no management in What you do not measure. There is no measurement in What you do not define. There is no definition in what you do not know. There is no success in what you do not manage." In most cases, you cannot explain why your energy bills are too costly and whether there is energy leakage in your equipment. All of that can be answered with real-time energy data and monitoring software, you can proactively measure spikes in consumption and identify irregularities.

2. Reduce the cost of operation

An energy monitoring system can also provide you with better insights into operating costs. By monitoring real-time energy data, it is possible to better assert the different costs of operation in each production line.

3. Accurately measuring energy consumption

Energy management allows you, as a business owner, to know what is being charged in your electric bills and avoid any fees that you might be paying. By receiving an accurate break of your monthly usage and cost, you can understand directly what you’re paying for and improves awareness of energy usage and consumption across your entire organization.

4. Set better goals and improve efficiency

As we all are facing an energy price hike in any industry, measuring your energy consumption could lead to significant results both financially and environmentally and as a result, you will be able to set better goals, and improve efficiency.

At GreenYellow, we invest 100% and offer you Energy Efficiency Solutions with an end-to-end approach (turnkey solution) to reduce your energy consumption such as Lighting optimization, Chiller and boiler retrofit, HVAC solutions, Monitoring and BMS, and Refrigeration optimization. GreenYellow’s Contractual Scheme is flexible with different approaches such as the Energy Efficiency Agreement (EEA) or the Utility as a Service (UAAS).