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Effective energy planning for improving the enterprise’s energy performance

Author

Listed:
  • Păunescu Carmen

    () (The Bucharest University of Economic Studies, Bucharest, Romania)

  • Blid Laura

    (The Bucharest University of Economic Studies, Bucharest, Romania)

Abstract

The global pressing need to protect the environment, save energy and reduce greenhouse gas emissions worldwide has prompted the enterprises to implementing both individual energy saving measures and a more systematic approach to improve the overall enterprise’s energy performance. Energy management is becoming a priority as enterprises strive to reduce energy costs, conform to regulatory requirements, and improve their corporate image. As such, enterprises are encouraged to manage their energy related matters in a systematic manner and a more harmonized way, to ensure continual improvement on their energy efficiency. Despite the increasing interest in energy management standards, a gap persists between energy management literature and current implementation practices. The release of the ISO 50001 international standard was meant to help the organizations develop sound energy management systems and effective process-based energy management structures that could be recognized through third-party certification. Building on the energy management literature and energy management standards, the current paper presents the essential steps the enterprises should take to practically design a sustainable energy management system. Also, by using multiple case studies of enterprises that have implemented an ISO 50001 energy management system, it introduces a structured approach that companies can use to effectively develop their energy planning and improve energy performance. The key components of the enterprise’s energy planning are discussed, as well as practical examples of energy objectives and performance indicators from various industries are offered. The paper shows that by establishing an effective energy planning system, this will efficiently meet demands for achieving energy performance indicators and international certification.

Suggested Citation

  • Păunescu Carmen & Blid Laura, 2016. "Effective energy planning for improving the enterprise’s energy performance," Management & Marketing, Sciendo, vol. 11(3), pages 512-531, September.
  • Handle: RePEc:vrs:manmar:v:11:y:2016:i:3:p:512-531:n:3
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