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Cost Savings Key Driver Of Energy Management Adoption- Schneider

[ 05-06-2015 ]
Cost Savings Key Driver Of Energy Management Adoption- Schneider
KUALA LUMPUR, June 3 (Bernama) -- Cost savings is the biggest driver for the adoption of energy management solutions, according to a Schneider Electric survey.

The survey revealed that 78 per cent of respondents believed that cost savings is the biggest driver for the adoption of energy management solutions in their organisations.

It also showed that a growing proportion of the 218 Malaysian businesses polled from various industries are actively incorporating energy management into their corporate strategies.

Some 61 per cent of the businesses found that funding for new energy management solutions is one of the largest barriers to meeting their energy efficiency goals, followed by the lack of dedicated personnel to undertake the projects from end to end.

Schneider Electric Malaysia Country President Soo Pow Leong said the findings clearly indicated that energy management solutions were on the rise across all industries in Malaysia and becoming a core business competency for Malaysian organisations.

"Energy management is not an option but a necessity for businesses to achieve business resiliency and efficiency necessary to maintain competitiveness in the highly globalised and competitive world," she said in a statement.

The poll survey also looked at the potential increase in business operating costs due to the hike in electricity tariffs that took place in January 2014.

"The results revealed that 47 per cent of businesses surveyed noticed an increase of between 20 per cent and 50 per cent in their operating costs, while 53 per cent agreed that their operating cost has increased up to 20 per cent," said Soo.

Interestingly, she said the survey showed that most of the businesses in Malaysia were prepared to tackle the rise in electricity costs, with 61 per cent of the respondents having already adopted energy audit exercise in the past 12 months, while 22 per cent are already tracking and analysing data on their energy consumption.

-- BERNAMA