With falling oil prices and a growing population it should be everyone’s responsibility to reassess how we use our natural resources. In Ireland, for example, it is mandatory for all large buildings to have KPIs for their energy usage. These KPIs are set relative to the local environment, building usage, occupation levels and the like, and when targets are achieved the local authority rewards the building owner by paying him an incremental credit.
By adopting a “check and balance” approach through introducing initiatives for energy efficiency offset with rewards for outperforming minimum standards and by applying new technologies such as Building Management Systems (BMS), it’s possible to reduce energy consumption by up to 40 percent.
While the implementation of new smart energy systems certainly has an impact in terms of optimum energy utilization and control, the two main factors to realize savings are behavior and community. To put it bluntly, the onus is on each and every one of us to modify our behavior for the benefit of all.
Hydrocarbons are by their nature finite which is why Abunayyan Holding and its Strategic Business Units (SBUs) are working hard to support initiatives aimed at maximising efficient use of natural resources.
Understanding the implications of burning wasted energy is key. People need to realize that they need to change their behavior and setting realistic and measurable KPIs for energy usage would provide an incentives regulatory framework, too.
We have seen initiatives from the Ministry of Water & Electricity where they have implemented and delivered equipment which reduces water consumption. We are seeing more mandates coming from Electricity authorities that aim to improve power quality, while monitoring closely different entities usage of power through measuring their power factor figures