Energy management solutions are excellent tools for organizations to get clarity around energy consumption in a rapidly changing energy landscape. There are many benefits that an energy management system delivers. But what are the four main benefits that you should look for and pay close attention to when choosing one?

 

1.Total pricing transparency

 

Does your energy management system give you total transparency into pricing of suppliers and contracts? What you should look for is that you receive the same wholesale pricing information that is normally supplied only to middlemen, such as brokers. 

A truly powerful management solution for your energy puts the power of wholesale pricing in your hands so that you can get the very best deal and cut your costs significantly. 

 

2. Clear, forward-looking forecasting, not just historical cost

Can you see future energy forecasts with your software system? It’s essential for budget and supply reasons that the system you’re using gives you accurate forecasting of energy costs that you can rely on to make decisions. 

 

If your system is simply showing you historical costs, this is not adequate in an age where energy prices fluctuate dramatically, such as the period we are in now. You need to make sure you have a view into the future. 

3. Benchmarking and tracking capabilities

 Are you able to analyze your facilities’ energy usage in a way that provides benchmarking, where you can view average consumption in combination with spikes and seasonal variations? Your energy management system should give you a clear view into granular changes so you can adapt as need be. 

Without adequate benchmarking and tracking ability in an easy to use format, you’ll miss out on ways to get in on savings opportunities. 

4. Ongoing support and ease of use for energy decisions 

 While some software solutions leave it up to you to navigate, the energy management solution that is best for you is the one with ease of use and support to make managing your energy easy for you and your team. After all, if you can’t access the information you need easily and the time you need it, then what good is your system anyway? 

Make sure that the system you choose makes it easy for you to take action and meet your energy budgetary needs, with support that makes it possible to take advantage of every function. 

What energy management solution ticks all these boxes and more? The Megawatt Hour.