Energy accounting is a system used to measure, analyze and report the
energy consumption
Energy consumption is the amount of energy used.
Biology
In the body, energy consumption is part of energy homeostasis. It derived from food energy. Energy consumption in the body is a product of the basal metabolic rate and the physical acti ...
of different activities on a regular basis. This is done to improve
energy efficiency,
[Accounting: Facility Energy Use (in Encyclopedia of Energy Engineering and Technology)]
/ref> and to monitor the environment impact of energy consumption.
Energy management
Energy accounting is a system used in energy management system
An energy management system (EMS) is a system of computer-aided tools used by operators of electric public utility, utility electric power transmission, grids to monitor, control, and optimize the performance of the electricity generation, gener ...
s to measure and analyze energy consumption to improve energy efficiency within an organization.energy transformation
Energy transformation, also known as energy conversion, is the process of changing energy from one form to another. In physics, energy is a quantity that provides the capacity to perform work (e.g. lifting an object) or provides heat. In addit ...
s are possible. An energy balance can be used to track energy through a system. This becomes a useful tool for determining resource use and environmental impacts. How much energy is needed at each point in a system is measured, as well as the form of that energy. An accounting system keeps track of energy in, energy out, and non-useful energy versus work done, and transformations within a system. Sometimes, non-useful work is what is often responsible for environmental problems.
The newer systems are trying to build predictive models of consumption. Startups are aiming to revolutionize this approach by introducing AI-based predictive models. These models can analyze vast amounts of data to forecast energy usage patterns, identify inefficiencies, and optimize energy distribution in real-time. By leveraging machine learning algorithms, these systems can learn from historical data and continuously improve their accuracy, providing organizations with powerful tools to enhance energy efficiency and reduce environmental impact. This shift towards predictive analytics
Predictive analytics encompasses a variety of Statistics, statistical techniques from data mining, Predictive modelling, predictive modeling, and machine learning that analyze current and historical facts to make predictions about future or other ...
represents a significant advancement in energy accounting, enabling more proactive and intelligent energy management.
Energy balance
Energy returned on energy invested (EROEI) is the ratio of energy delivered by an energy technology to the energy invested to set up the technology.
See also
* Anthropogenic metabolism
* '' Energy and Environment''
* Energy management
* Energy management software
* Energy management system
An energy management system (EMS) is a system of computer-aided tools used by operators of electric public utility, utility electric power transmission, grids to monitor, control, and optimize the performance of the electricity generation, gener ...
* Energy quality
* Energy transformation
Energy transformation, also known as energy conversion, is the process of changing energy from one form to another. In physics, energy is a quantity that provides the capacity to perform work (e.g. lifting an object) or provides heat. In addit ...
* EROEI
* Industrial metabolism
* Social metabolism
* Urban metabolism
References
External links
Accounting: Facility Energy UseEnergy accounting in the context of environmental accounting
{{DEFAULTSORT:Energy Accounting
Thermodynamics
Energy economics
Ecological economics