Benchmarking refers to the systematic process of collecting data as a means of measuring performance to compare current efforts and outcomes. A benchmark represents the highest level of performance achieved, while benchmarking itself involves evaluating performance against these benchmarks. Insights gained from this analysis can help identify innovative approaches or best practices worth adopting and implementing. By comparing their processes with those of competitors, other organizations, or entire industries, businesses can gain a clearer understanding of where improvements are needed to enhance overall efficiency.
Energy benchmarking follows the same principles. It involves gathering data or information and comparing the energy performance of a facility either against its own historical usage or against similar buildings or predefined standards. Like any form of benchmarking, energy benchmarking requires two distinct datasets: internal and external. Internal data pertains to the historical energy and water consumption of a building, typically collected via utility meters or submeters. While collecting this data might be straightforward, presenting it in a comprehensible and actionable format demands a robust energy management information system (EMIS). External data, on the other hand, includes energy and water consumption metrics from comparable buildings or established benchmarks.
**The Advantages of Energy Benchmarking**
In numerous cities, mandatory energy benchmarking for buildings is becoming increasingly common as part of efforts to meet specific regulatory standards. However, there's no need to wait for such mandates to start benchmarking. Engaging in energy benchmarking is not just an environmentally responsible practice—it also offers several practical benefits:
**1. Enhanced Building Efficiency**
Energy benchmarking enables companies and property owners to boost the operational efficiency of their buildings by offering a structured framework for improvement. This methodical approach also highlights inefficiencies and identifies opportunities for optimization.
**2. Pinpointing Inefficiencies**
Comparing your building’s energy consumption with that of similar structures or its own past performance can reveal equipment, assets, or even occupant behaviors that contribute to excessive energy waste. This allows you to prioritize areas for improvement and devise targeted action plans.
**3. Expanding Knowledge**
By integrating internal data with external benchmarks, energy benchmarking fosters greater awareness and provides critical insights. Establishing reference points and identifying best practices enables informed decision-making. For instance, recognizing that your building could benefit from the same upgrades as a more efficient counterpart can guide strategic planning.
**4. Supporting Strategic Investments**
Leveraging existing knowledge about the success of previous energy-saving initiatives or new technologies empowers you to present compelling return-on-investment (ROI) arguments to stakeholders. Whether considering submetering, smart HVAC systems, advanced sensors, fixture upgrades, or building envelope enhancements, optimizing energy use translates directly into cost savings and improved profitability.
Understanding how each building stacks up against top performers within your portfolio and comparing your company’s energy usage to industry averages serves as a strong foundation for achieving peak performance.
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