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How to Plan Effective and Cost Efficient Energy Management Activities
Hello and Welcome to “Energy Management Economics”. My idea while preparing for this course is providing a simple yet well explained material for anyone who is interested in The field of Energy Management. Whether you are coming from technical or non-technical background. Attending this course would help you having your first steps in the field, also helping you finding what next steps to take.
The course content is covered through four main sections
Section 1: Life Cycle Costing Analysis & Financing
In first section, we are going to discuss the process of LCCA, and financial analysis starting from the common terminologies you may encounter during the course, difference between interest rate and effective interest rate, Future and Present value calculations.
Then we’ll move to Capital Budgeting Techniques and in this part, we’ll talk about five of these techniques, Net Present value, Payback Period, Return on Investment, Internal Rate of Return and Hurdle Rates.
Finally, we have the Financing and Alternative Financing options which are available for you to fund your energy projects. In this part we’re covering equity, debt, leasing financing and finally Energy performance contracting.
Section 2: Energy Rates & Tariff Structure
Here we’re going to understand how utilities are billing your energy consumption. And the difference between energy Consumption and Demand. Then we’ll discuss in detail how energy demand is calculated.
During this section as well, you’ll know different types of Tariff Structures and how to read/analysis your energy bill and understand its components. Finally, we’ll see what’s Demand Response programs and why utilities offer such programs.
Section 3: Energy Accounting & Benchmarking
Going then to the third section, where it’ll help you to understand how to perform Energy Accounting activities for your facility or project. And explaining the whole process steps from measuring, recording, and collecting to analysis your energy-related data.
The second part of this section will be for Benchmarking and assess how well your facility is performing. To do so we need methods or techniques to measure and manage your performance so we can judge how good or bad your facility performs compared with other projects or facilities.
Section 4: Energy Procurement
Fourth and Final section would be for Energy Purchasing planning in different energy markets, different energy sources. What is the Energy Balance sheet and how to read it? And finally, Cost Allocation planning, why we need it and how to build it?