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Energy Efficiency 2014

Energy efficiency is sometimes referred to as the ‘fifth fuel’ – the fuel you don’t have to purchase or convert into useful energy having put energy efficiency measures into place. The fifth fuel has its own unique advantages; it’s often cheaper than buying other fuels, to say nothing of the environmental advantages of not having to mine, transport and convert that fuel.

Powerful stuff. The fortunes of energy efficiency wax and wane according to movements in fuel prices and political priorities of the day.

Sometimes it seems important for industry and householders to save money, at other times to reduce carbon emissions and at yet other times to husband scarce resources for energy security reasons.

But things are changing. As the articles in this special supplement to Energy World and Petroleum Review magazines show, the subject is topical again now – probably for all three reasons. Last month, a report from the International Energy Agency quantified the size of the global energy efficiency industry at over $300bn and growing, and suggested that energy efficiency is moving out of its niche market and into an established market segment with increasing interest from institutional investors.

Uniquely, the Energy Institute works to serve both the supply and demand sides of the international energy industry and is very active in energy efficiency matters. In the UK, ESOS is the latest in a long line of energy efficiency policies aimed to reduce energy usage by large organisations. The EI offers a wealth of assistance with ESOS and wider energy management matters, including Chartered Energy Manager status – see pages 10 onwards. The EI’s list of Chartered Energy Managers and Register of Professional Energy Consultants comprise qualified infividuals that are approved to be Lead Assessors under the ESOS scheme.

Elsewhere in this supplement, articles from many of the leading voices in energy efficiency cover the UK’s record in energy efficiency over the last few years, pioneering research underway at institutions across the country into reducing energy demand, and energy performance contracting.

Great potential exists to make more out of energy efficiency. There is a lot of the fifth fuel left to burn.


Supplement details


Energy Efficiency 2014.pdf

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Journal title: Petroleum Review|Energy World

Subjects: Energy efficiency, Risk management, Energy consumption, Electricity

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