Wouldn’t it be fantastic if Australia was recognised as a global leader in energy management by 2030? In order to accomplish this target, the Australian industry may need to focus more on energy efficiency. Conserving energy through efficiency improvements is a critical component of navigating our way through the current energy market turmoil.
Why Is Energy Efficiency And Conservation Important?
Energy efficiency (EE) and energy conservation (EC) are two approaches to avoiding or reducing energy usage that is often complementary or overlapping. The technical performance of energy conversion and consuming equipment, as well as building materials, is referred to as energy efficiency. Energy conservation entails taking steps to reduce the quantity of energy used in the end.
Consumers can benefit from EE and EC measures by lowering their energy prices and potentially reducing greenhouse gas emissions linked with energy use. Reduced electricity consumption helps to reduce the costs of electricity generation, transmission, and distribution, which benefits consumers indirectly. High demand for electricity often means greater expenses for power generation and transmission, which are passed on to customers in their utility bills.
Energy efficiency in Australia makes sense in the face of the urgent need to slow climate change by reducing greenhouse gas emissions. The term “energy efficiency” refers to the use of less energy to achieve the same results. It’s the most cost-effective strategy to reduce greenhouse gas emissions and meet our climate targets. Improving energy efficiency is also essential for achieving “energy productivity,” or increasing economic production while consuming the same or less energy. That’s why energy efficiency and conservation are important.
Have A Close Look At The Benefits Of Energy Efficiency And Conservation
#1. Lower Your Utility Bills Significantly
Energy expenditures might account for a large amount of your ongoing monthly spending. You can save anywhere from five to thirty per cent on your gas bills by using energy-efficient appliances and making building improvements. Energy-efficient appliances use less energy over their service lives without sacrificing quality, and they’re a great way to save money on your energy bills.
#2. Make A Good Profit On Your Investment
Energy-efficient purchases should be considered as an investment, with utility savings that accumulate over the product’s service life. In comparison to conventional, non-efficient alternatives, savings can outweigh the initial price premium on energy-efficient products and provide a large return. Furthermore, as energy prices in Australia continue to climb, the return you earn from savings will only grow over time.
#3. Improving The Brand’s Image
The financial advantages of energy efficiency are only the start. As the world becomes more environmentally concerned, being energy-efficient can help your brand’s reputation, which can help your business perform better.
A strong energy efficiency strategy, according to studies, has the potential to improve relationships with customers, suppliers, and other stakeholders. If your company doesn’t currently have an energy-saving strategy in place, now is a good time to start.
#4. Employees’ Productivity Can Be Improved Via Energy Efficiency
So there you have it, energy efficiency can help you save money and improve your brand’s image, but did you know it can also help you create better working conditions for your employees? The concept of energy efficiency was once thought to be a danger to comfort. However, new research shows that this is not the case and that energy efficiency can actually boost employee comfort, well-being, and performance.
#5. Good for the Environment
Climate change has sparked widespread worry in recent years, and properly so. Energy use continues to be a major source of human-caused greenhouse gas emissions, which are the primary cause of climate change. As a result, everyone is under pressure to become more energy efficient. Surprisingly, the focus is frequently on families and individuals. According to research, carbon dioxide emissions from the business sector will account for roughly 18% of all carbon dioxide emissions in Australia in 2021. As a result, corporations bear a significant obligation to decrease their use in the interest of the environment.
Energy Saving And Upgrade Programs In Australia
State and federal energy efficiency schemes in Australia offer support for a wide range of energy efficiency improvement projects. We atO’Brien Energy Services,
assist clients with determining their eligibility and suitability for schemes, administering and submitting applications and energy efficiency assessment in Australia to ensure projects are compliant from start to finish, and generating energy certificates.
Conclusion
The industry could look to address energy efficiency as a major concern. However, some economic incentives are required to encourage better energy efficiency across businesses. These could include a Clean Energy Target, government funding or tax breaks for businesses to investigate energy-saving opportunities, or a rating scheme that allows energy users to publish the results of their energy-saving efforts – this could have a positive impact on their bottom line by influencing customer buying behaviour and helping to improve Australia’s standing in energy management.
Call the experts at O’Brien Energy Services at 1300-771-759 to discuss your requirements.