Energy Management Achieving Excellence in Energy and Utilities Management
Managing energy and utilities are one of the challenging tasks in any process plant. The right management of these facets will not only allow companies to reduce cost but will also enable to optimize operation. Read to know more...
Companies face constant pressures to make effective capital planning decisions. Running a refinery, chemical plant or power station is a complex business. Therefore, being able to see the bigger economic picture is vital in effectively managing operational maintenance, regulatory requirements, energy efficiency and sustainability goals.
Minimizing costs and optimizing the operation is a priority in the battle to remain profitable and competitive. However, when global energy markets fluctuate, businesses need to improve the way they source, trade and use energy while considering everchanging environmental, organizational and technical constraints. So, how can companies achieve overall excellence with their energy and utility management on a daily and weekly basis?
Energy is the single largest operating expense after raw materials for the process industry. Cutting-edge utilities software allows manufacturers to manage and optimize the way they use and source energy across an entire production site. It enables companies to ensure that all their processes receive reliable supplies, while minimizing running costs by reducing overall consumption and identify the most economical sources of supply. Crucially, utility planning software defines and improves the energy business processes that are important to the overall economic performance of the site.
Reducing Production Costs
Minimizing energy costs and maximizing operational reliability of the utilities system can be achieved simultaneously through the implementation of an integrated energy management and optimization system, which links business and operational objectives. In turn, this enables companies to make more profitable decisions about how to use and source energy across an entire production site.
Utilities are integral to the functionality of a plant and provide heating and cooling, electricity and fuel used by vital machinery to ensure that product quality standards are consistently met and produced to optimum operational effectiveness. It is common for fuel, power, steam production and consumption networks to be modeled in high level detail to build a customized model, which helps users understand how to reduce site energy costs within a short time frame.