It is the most effective way to measure energy performance and is frequently used when discussing a building’s energy management and sustainability reporting.
Energy benchmarking is a process of assessing and analyzing the use of energy and water of a building and then comparing it to the building’s past performance, and similar buildings at a certain standard.
The concept isn’t unique, in fact, the same technique you have been using in other areas of your business. For instance, you first evaluate and analyze something (like energy, process, action), and then, you compare it to something else (like standards and past performance).
When it comes to energy management, benchmarking specifically looks at a building’s energy and water consumption to make it easier for property and business owners to identify areas where efficiency is lacking so that they can act on opportunities for potential improvements.
There are many benchmarking tools available online like ENERGY STAR Portfolio Manager depending on capabilities and cost, which allow users to measure their buildings energy usage against national standards of sustainability and efficiency.
It also helps clients, investors, and employees to know that you value the well-being of the planet and its inhabitants.
Your company can also reap the benefits such as increased control over energy use, improved operational performance, and the ability to manage energy costs.
Benchmarking works on two data sets, internal and external to give businesses and property owners the required essential information to make the right decisions on energy management.