Energetics Energy Efficiency Survey Analysis

01 Aug 2008Archived News Publications

Most participating companies have now completed their initial energy savings opportunity assessment (required by June 30 2008), and more than 20% of companies have gone beyond this "minimum compliance" requirement. The survey responses therefore reflect the views of participants as they progress from initial assessments towards responding to opportunities across their business.

The key findings of the survey include:
1. EEO has had a very significant impact of the business focus it has brought to energy efficiency, encouraging knowledge building of energy management, and identifying energy savings opportunities. However, more needs to be done. The priority of energy efficiency needs to be raised at top corporate levels, success in identifying savings from initial assessments should be replicated across all sites, and the savings identified need to be implemented.

2. Nearly 40% of respondents indicated that they have used EEO to drive their energy management process beyond minimum compliance requirements. Alongside this finding a similar number indicated that they are already focused on energy efficiency. This suggests EEO has been a significant driver to increased energy efficiency awareness.

3. Over 45% of companies said that savings of up to 10% were identified from their initial assessments with a payback up to 4 years, while a further 10% of respondents identified savings of 10 - 20%. Over 70% indicated that some or all of the opportunities identified would be implemented in the next 1 - 2 years. This is encouraging given that many companies have only identified savings opportunities under EEO at one site.

4. Companies identified three key measures that would support implementation of energy efficiency opportunities. These issues need to be addressed to overcome barriers and accelerate savings:
i. Establishing a price for carbon emissions.
ii. Provision of financial or tax incentives for energy efficiency investments.
iii. Overcoming resource limitations.

Other measures viewed as important were assistance with research, development and commercialisation of energy efficient technologies, and building capacity and skills in energy efficiency.

5. One of the greatest challenges that businesses face in completing EEO assessments and in responding to opportunities is the lack of time available to current resources. Energetics estimates that 50% of the work associated with meeting EEO requirements is contracted to external consultants. This lack of resources. skills could be a future barrier to realising the full potential benefits of EEO. 

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