EPCO Energy Infographic

Recently EPCO decided to evaluate the influence our team has had within the energy marketplace. We were curious to know what the economic and environmental impact has been from the projects we have facilitated over the past couple of years. To that end, we identified several key metrics from each projects portfolio, and put it into an infographic to share with prospective clients.

We were really pleased the results, and have opted to share it with the larger community. The numbers speak for themselves, but there are three metrics I would like to highlight.

  • $1.87 million in annual energy savings
  • Average project payback period is 0.96 years
  • Energy savings are the equivalent of more than 11.1 million pounds of coal burned

All Projects Infographic

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The Time to Shop for Your Natural Gas is Now

It’s hard to believe, but the summer is slowly winding to a close. Even though days are still long and temperatures are high, now is when you want to start thinking about your natural gas contract.

Many businesses, non-profits, and residential consumers only consider their natural gas rate in few instances. It may be when winter arrives and the heat gets turned on or simply when your current contract expires. After all, for most, natural gas comprises a relatively small percentage of monthly expenses.

There is however a number of non-residential entities that pay a considerable amount for natural gas through the winter. This includes manufacturers, hospitals, schools, and even churches. In some cases, reducing rates by a matter of cents can add up to thousands in annual savings.

We have seen the adverse effect a cold winter can have on the budget. Just think back to the beginning of 2014 when the nation was overcome by the polar vortex. This of course was unexpected for most and hit many hard in the wallet.

Now though is the perfect time to negotiate your natural gas rate. Currently, gas reserves are up more than 5 percent over last year and prices have trended down these past 12-months. As we get closer to the winter season, the prices will go up. This is a function of supply and demand. Purchasing now enables you to capitalize on lower rates. If you signed a 12-month contract at a higher rate, renewing now will save you money during the following winter.

You have several options for exploring a natural gas contact. If you are a smaller consumer, there are programs through your utility and local brokers you can work with. Be sure to understand the terms of the contract offered and the fine print. Consult an energy advisor if you are unclear about any terms in the contract.

Additionally, most local chambers of commerce will offer their membership what is known as community aggregation programs. If you are not already part of your local chamber, you may want to consider exploring the many benefits they can offer.

If you are a larger consumer, spending perhaps $10,000 monthly on energy or more, there are additional options available to you. The market has become rather sophisticated with a number of products to select from. Though you may be experienced in managing your companies’ energy portfolio, it certainly would benefit you to explore options with your energy advisor to ensure you are making the most informed decision.

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Why Energy Benchmarking Is For You

Energy benchmarking is an extremely valuable tool in today’s energy marketplace. However, many who manage energy portfolios today are not taking advantage of the resources available to benchmark their facility. Anecdotally, I have found, this is due in large part to the fact many do not know or understand what benchmarking is.

When you benchmark your facility, you are tracking the total electricity, natural gas, steam, water and other utility that your building consumes. In many circles, this is also known as your building performance. Once you have collected the requisite data, you can compare your building performance to facilities that are similar in size and operation to your own.

I recently took time to meet with a colleague, Justin Kale of Energility, to better understand the value proposition of energy benchmarking. Justin is a specialist in this field and shared the following thought.

“Benchmarking is similar to the use of a compass when navigating a path. It is a great way to establish where you’re at and monitor your position over time. This enables you to see how far you have come over a period of time with respect to building energy performance.”

Benchmarking provides the busy CEO, CFO or facility management team, baseline information to be able to compare the energy portfolio of their building to other buildings in their peer group. Once you identify areas for improvement, you can begin to craft an energy plan. Benchmarking gives those same professionals the opportunity to prioritize the deployment of capital resources or achieve recognition for past project implementation.

There are a number of great resources that are accessible in the marketplace to help facility managers to benchmark their performance. One of the more prominent tools is the Energy Star Portfolio Manager. It was created by the EPA to be an “online tool you can use to measure and track energy and water consumption, as well as greenhouse gas emissions”.

Benchmarking will enable facilities to make informed decisions on where investments should be made regarding their capital projects. Ultimately, knowing how your building operates and where weaknesses exist will allow you to reduce consumption, costs, and operational expenses. Furthermore, benchmarking is a process that many can do on their own by leveraging the tools in the marketplace. Whether through the EPA and its Energy Star programs or the Lawrence Berkley National Laboratory, the resources exist to manage this process on your own.

The final thought I will leave you with is benchmarking can aid you in staying ahead of impending energy mandates and legislation. Whether federal or local, the energy landscape is rapidly changing. It will prove far less costly to become energy efficient on your timetable rather than someone else’s.

As always, if you have questions or concerns about energy benchmarking, consult an energy adviser to help you make the best and most informed decision.

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