What is the objective of energy accounting? Describe the procedure of energy accounting ?

Energy accounting aims to track and manage energy consumption within an organization or system. Its primary objective is to promote energy efficiency, reduce wastage, and optimize energy usage for cost savings and environmental sustainability.

The procedure of energy accounting involves several steps:

1. Data Collection: Gather data on energy consumption from various sources within the organization. This includes electricity, natural gas, fuel oil, coal, and any other energy sources used in operations. Data can be collected manually through meter readings or automatically through energy monitoring systems.

2. Categorization: Classify energy consumption data into different categories based on usage areas such as heating, cooling, lighting, equipment operation, and transportation. This categorization helps identify areas of high energy usage and potential areas for improvement.

3. Normalization: Normalize energy consumption data to account for variations in production levels, weather conditions, or other factors that may affect energy usage. This allows for meaningful comparisons over time and across different operational conditions.

4. Analysis: Analyze energy consumption data to identify patterns, trends, and anomalies. Look for opportunities to reduce energy waste, optimize equipment performance, and implement energy-saving measures.

5. Benchmarking: Compare energy performance metrics against industry benchmarks or internal targets to assess the organization's energy efficiency and identify areas for improvement.

6. Reporting: Prepare regular reports summarizing energy consumption data, analysis findings, and recommendations for energy-saving initiatives. Share these reports with relevant stakeholders to raise awareness and drive action on energy conservation efforts.

7. Implementation: Implement energy-saving measures and initiatives based on the findings of energy accounting analysis. This may include upgrading equipment for better energy efficiency, optimizing processes, improving insulation, and promoting energy conservation practices among employees.

8. Monitoring and Review: Continuously monitor energy consumption and track the effectiveness of implemented measures. Review energy accounting data regularly to ensure ongoing improvement and identify new opportunities for energy savings.

By following these steps, energy accounting helps organizations effectively manage their energy resources, reduce costs, and minimize environmental impact.