Energy accounts for a major portion of manufacturing businesses’ overhead costs, with direct impacts on their bottom lines, and leads to an environmental footprint. Today, where manufacturing is a competitive arena, being able to optimize the use of energy is no longer an environmental perspective but a critical business perspective for being profitable and competitive. Power BI dashboards provide manufacturing companies with the right mechanism to reflect on, analyze, and optimize their use of energy so that they can view raw data in a meaningful way to generate insights for increasing efficiencies and reducing costs.
The Silent Profit Killer: Energy Waste in Manufacturing
Most enterprises in manufacturing consume between 15,000 and 25,000 kWh of energy per annum, but this will vary significantly with the diameter of a business, nature of the industry, and patterns of operations. The smallest manufacturing plants would usually consume around 10,000 kWh of gas and about 15,000 kWh of electricity annually, while the opposite scenario may generally be expected for larger establishments of about 65,000 kWh and 50,000 kWh of gas and electricity, respectively.
The volatility of energy consumption prices over recent years kept rising, stabilizing towards 2024 but still remaining to be much higher than they were before the pandemic. Announcements were that prices would steadily increase in 2025, thus highlighting energy waste as a key matter to address for a manufacturing concern’s profitability.
Efficiently wasting energy gets overlooked in many manufacturing operations and stands there silently reducing the already thinning profit margins. But in 2022, the industrial sector accounted for 25.1% of final energy consumption in the European Union, with nearly two-thirds of that energy being electricity and natural gas.
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