Industrial Energy Management Systems and Energy-Related Decision-Making

Abstract

Transitions is today’s debate in almost all topics both in academia and practice. Energy transitions among others, have received relatively more attention, due to the global demand for increasing energy efficiency and lowering environmental impacts. In recent decades, energy management systems, through implementing energy management programs and related practices within industrial companies, have played a vital role in enhancing industrial energy efficiency performance levels. However, still there are problems at very first step of energy management program installation, which is decision-making. Despite market and non-market failures, lack of information, inadequate knowledge, the consequent increase in the perception of risk and uncertainty can be addressed as potential reasons for mentioned problems. Another essential reason can be explained through how an energy program is characterized by people who are attending at an energy-related decision desk. Keeping in mind that allocation of the budget for any investment should not only have financial conformation, but also a strategic value for the company, this paper aims to discuss the impacting parameters on industrial energy-related decision-making and behavior patterns with respect to the critical role of industrial energy management systems.