An innovative approach to energy-efficiency investment and energy purchase decisions "Energy Budgets at Risk (EBaR) [registered] introduces a new energy management framework that reduces energy costs and energy-efficiency investment risk by applying risk management tools developed in the financial industry. EBaR quantitatively determines energy-efficiency investment risk and provides energy risk management investment strategies that reduce costs while meeting budget flexibility and risk tolerance requirements of individual organizations. By providing energy budget savings greater than investment costs, EBaR investments result in increased cash flows-creating the same financial bottom line impact as an increase in revenues.In fact, EBaR strategies can save 30 percent or more of current energy bills even after paying for energy-efficiency investments. Written for a nontechnical audience, "Energy Budgets at Risk (EBar)" [registered] shows all those on the frontline who are responsible for electric, natural gas, and fuel oil budgets in commercial, industrial, government, and institutional buildings and other facilities how to develop and apply a comprehensive, consistent financial risk management framework to evaluate energy budget risk; how to make the most of alternative energy-efficiency investments; and how to integrate efficiency investment decisions with purchase decisions. An opportunity to meet environmental goals through energy-efficiency investments that reduce energy use, EBaR analysis should be a cornerstone of every organization's carbon-reducing efforts.
Ch. 1 Energy Markets and Budgets at Risk 1
Ch. 2 Facility Efficiency Options 37
Ch. 3 The Nature of Energy Costs and Prices 53
Ch. 4 Capital Budgeting: Theory and Practice 79
Ch. 5 Facility Energy Risk Management Foundations 95
Ch. 6 EBaR Concepts and Results 109
Ch. 7 Beginning Empirical EBaR Analysis: Risk and Probability Distributions 123
Ch. 8 EBaR Budget Analysis Implementation - Developing Quantitative Relationships 141
Ch. 9 EBaR Budget Analysis (EBaR[subscript budget]) 181
Ch. 10 EBaR Efficiency Investment Analysis (EBaR[subscript irr]) 189
Ch. 11 Energy Budgets at Risk in Competitive Markets 203
Ch. 12 EBaR Reports: Making the Case for Energy Efficiency Investments 211
App Benchmarking Your Facility's Energy Use with MAISY Data 223
Notes 289
Index