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2021•Economics of Sustainable DevelopmentOpen access

Measuring energy efficiency of an enterprise

Marija Rakić, Bojan Krstić, Tamara Rađenović

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Abstract

Energy efficiency is gaining in importance as part of environmental efficiency within sustainable development. Many enterprises realize the need for the reduction of energy costs and improved control of energy consumption. This can be achieved by implementing the concept of energy efficiency. The subject of research in this paper is the analysis of the way in which energy efficiency can be measured within an enterprise. Therefore, the aim of the research is to define a set of indicators for measuring energy efficiency in an enterprise, as well as to point out cost advantages and competitiveness that are achieved by applying energy efficiency management.

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What this paper is about

Energy efficiency is gaining in importance as part of environmental efficiency within sustainable development. Many enterprises realize the need for the reduction of energy costs and improved control of energy consumption. This can be achieved by implementing the concept of energy efficiency. The subject of research in this paper is the analysis of the way in which energy efficiency can be measured within an enterprise. Therefore, the aim of the research is to define a set of indicators for measuring energy efficiency in an enterprise, as well as to point out cost advantages and competitiveness that are achieved by applying energy efficiency management.

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Available abstract

Energy efficiency is gaining in importance as part of environmental efficiency within sustainable development. Many enterprises realize the need for the reduction of energy costs and improved control of energy consumption. This can be achieved by implementing the concept of energy efficiency. The subject of research in this paper is the analysis of the way in which energy efficiency can be measured within an enterprise. Therefore, the aim of the research is to define a set of indicators for measuring energy efficiency in an enterprise, as well as to point out cost advantages and competitiveness that are achieved by applying energy efficiency management.

Key concepts: Efficient energy use, Energy accounting, Energy consumption, Energy (signal processing), Environmental economics, Energy engineering, Energy management, Control (management)

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