Purpose of energy accounting

Energy accounting helps in establishing the energy input and quantum consumed by/billed to several categories of consumers, identifying high loss areas, and evolving strategies and action plans for reduction of losses.

Energy accounting is as fundamental to energy management as cost accounting is to financial management. It could be one of the most cost-effective tools in which an organization could use to cut energy costs and conserve energy.

You should understand in which energy accounting through itself does not decrease energy demand or costs. Therefore, it is the basis to identify weaknesses and to select and prioritize appropriate measures for the improvement of the energy system. For instance, energy accounting could raise the awareness about reducing energy demand and help in energy conservation efforts. Actually, there are several more reasons why your utility should go in for energy accounting. Let us explain them in the context of the power sector.