VALUATING ENERGY MANAGEMENT SYSTEMS
A method including receiving data from an energy-consuming device; determining an amount of energy consumed by the device during a time interval; calculating an actual energy cost based on the determined amount of energy consumed by the device during the time interval; predicting an amount of energy that would have been consumed by the at least one device during the time interval if the at least one device were not associated with the energy management system; calculating a predicted energy cost based on the predicted amount of energy that would have been consumed by the at least one device during the time interval if the at least one device were not associated with the energy management system; and calculating a valuation of the energy management system for the at least one energy consuming device over the time interval by comparing the actual energy cost and the predicted energy cost.
1 . A non-transitory computer readable medium having computer-readable code stored thereon for causing a computer to perform a method of valuating an energy management system implemented at a site, the method comprising:
receiving data from at least one energy-consuming device,
wherein the at least one energy-consuming device is associated with the energy management system
wherein the data comprises at least one operating parameter of the at least one energy-consuming device for a time interval;
determining an amount of energy consumed by the device during the time interval;
calculating an actual energy cost based on the determined amount of energy consumed by the device during the time interval;
predicting an amount of energy that would have been consumed by the at least one device during the time interval if the at least one device were not associated with the energy management system;
calculating a predicted energy cost based on the predicted amount of energy that would have been consumed by the at least one device during the time interval if the at least one device were not associated with the energy management system;
calculating a valuation of the energy management system for the at least one energy consuming device over the time interval by comparing the actual energy cost and the predicted energy cost;
sending a representation of the valuation to a notification receiving device.
2 . The non-transitory computer readable medium of claim 1 , wherein the at least one energy-consuming device is associated with the energy management system in that the at least one energy-consuming device is controlled by the energy management system, and
wherein the predicted amount of energy is the amount of energy that would have been consumed by the at least one device during the time interval if the at least one device were not controlled by the energy management system.
3 . The non-transitory computer readable medium of claim 1 , wherein the at least one energy-consuming device is associated with the energy management system in that the at least one energy-consuming device is monitored by the energy management system, and
wherein the predicted amount of energy is the amount of energy that would have been consumed by the at least one device during the time interval if the at least one device were not monitored by the energy management system.
4 . The non-transitory computer readable medium of claim 1 , wherein the at least one energy-consuming device is associated with the energy management system in that the at least one energy-consuming device is controlled and monitored by the energy management system,
wherein the predicted amount of energy comprises a first prediction component and a second prediction component,
wherein the first prediction component of the predicted amount of energy is the amount of energy that would have been consumed by the at least one device during the time interval if the at least one device were not controlled by the energy management system
wherein the second prediction component of the predicted amount of energy is the amount of energy that would have been consumed by the at least one device during the time interval if the at least one device were not controlled by the energy management system.
5 . The non-transitory computer readable medium of claim 4 , wherein the valuation of the energy management system comprises a first valuation component and a second valuation component;
wherein the first valuation component provides a valuation of controlling the at least one device with the energy management system,
wherein the first valuation component is determined by comparing the actual energy cost and the first prediction component of the predicted amount of energy;
wherein the second valuation component provides a valuation of monitoring the at least one device with the energy management system; and
wherein the second valuation component is determined by comparing the actual energy cost and the second prediction component of the predicted amount of energy.
6 . The non-transitory computer readable medium of claim 1 , wherein predicting the amount of energy that would have been consumed by the at least one device during the time interval if the at least one device were not associated with the energy management system comprises applying a multi-variable linear regression based on at least 12 months of billing data for the site to construct a weather normalized model for the site.
7 . The non-transitory computer readable medium of claim 1 , wherein predicting the amount of energy that would have been consumed by the at least one device during the time interval if the at least one device were not associated with the energy management system comprises evaluating at least one weather adjusted usage average of energy consumption at a second site.
8 . The non-transitory computer readable medium of claim 1 , wherein predicting the amount of energy that would have been consumed by the at least one device during the time interval if the at least one device were not associated with the energy management system comprises evaluating at least one square-footage adjusted average of energy consumption at a second site.
9 . The non-transitory computer readable medium of claim 1 , wherein data from a plurality of energy-consuming devices is received and valuated.
10 . The non-transitory computer readable medium of claim 9 , wherein the valuation comprises an individual valuation for each of the plurality of energy-consuming devices.
11 . The non-transitory computer readable medium of claim 1 , wherein the at least one energy-consuming device is selected from the group consisting of HVAC, lighting, refrigeration, climate control systems, manufacturing equipment systems, and combinations thereof.
12 . A method of valuating an energy management system implemented at a site, the method comprising:
receiving, via a processor, data from at least one energy-consuming device,
wherein the at least one energy-consuming device is associated with the energy management system
wherein the data comprises at least one operating parameter of the at least one energy-consuming device for a time interval;
determining, via a processor, an amount of energy consumed by the device during the time interval;
calculating, via a processor, an actual energy cost based on the determined amount of energy consumed by the device during the time interval;
predicting, via a processor, an amount of energy that would have been consumed by the at least one device during the time interval if the at least one device were not associated with the energy management system;
calculating, via a processor, a predicted energy cost based on the predicted amount of energy that would have been consumed by the at least one device during the time interval if the at least one device were not associated with the energy management system;
calculating, via a processor, a valuation of the energy management system for the at least one energy consuming device over the time interval by comparing the actual energy cost and the predicted energy cost;
sending, via a processor, a representation of the valuation to a notification receiving device.
13 . The method of claim 12 , wherein the at least one energy-consuming device is associated with the energy management system in that the at least one energy-consuming device is controlled by the energy management system, and
wherein the predicted amount of energy is the amount of energy that would have been consumed by the at least one device during the time interval if the at least one device were not controlled by the energy management system.
14 . The method of claim 12 , wherein the at least one energy-consuming device is associated with the energy management system in that the at least one energy-consuming device is monitored by the energy management system, and
wherein the predicted amount of energy is the amount of energy that would have been consumed by the at least one device during the time interval if the at least one device were not monitored by the energy management system.
15 . The method of claim 12 , wherein the at least one energy-consuming device is associated with the energy management system in that the at least one energy-consuming device is controlled and monitored by the energy management system,
wherein the predicted amount of energy comprises a first prediction component and a second prediction component,
wherein the first prediction component of the predicted amount of energy is the amount of energy that would have been consumed by the at least one device during the time interval if the at least one device were not controlled by the energy management system
wherein the second prediction component of the predicted amount of energy is the amount of energy that would have been consumed by the at least one device during the time interval if the at least one device were not controlled by the energy management system.
16 . The method of claim 15 , wherein the valuation of the energy management system comprises a first valuation component and a second valuation component;
wherein the first valuation component provides a valuation of controlling the at least one device with the energy management system,
wherein the first valuation component is determined by comparing the actual energy cost and the first prediction component of the predicted amount of energy;
wherein the second valuation component provides a valuation of monitoring the at least one device with the energy management system; and
wherein the second valuation component is determined by comparing the actual energy cost and the second prediction component of the predicted amount of energy.
17 . The method of claim 12 , wherein predicting the amount of energy that would have been consumed by the at least one device during the time interval if the at least one device were not associated with the energy management system comprises applying a multi-variable linear regression based on at least 12 months of billing data for the site to construct a weather normalized model for the site.
18 . The method of claim 12 , wherein predicting the amount of energy that would have been consumed by the at least one device during the time interval if the at least one device were not associated with the energy management system comprises evaluating at least one weather adjusted usage average of energy consumption at a second site.
19 . The method of claim 12 , wherein predicting the amount of energy that would have been consumed by the at least one device during the time interval if the at least one device were not associated with the energy management system comprises evaluating at least one square-footage adjusted average of energy consumption at a second site.
20 . The method of claim 12 , wherein data from a plurality of energy-consuming devices is received and valuated.
21 . The method of claim 20 , wherein the valuation comprises an individual valuation for each of the plurality of energy-consuming devices.
22 . The method of claim 12 , wherein the at least one energy-consuming device is selected from the group consisting of HVAC, lighting, refrigeration, climate control systems, manufacturing equipment systems, and combinations thereof.