Coefficient Alpha
We help companies improve energy efficiency through monitoring & optimizing consumption
Let's Talk... Energy
Energy is a fundamental requirement for all life on Earth.
It is needed to power the various activities we engage in, from basic functions like breathing, digestion, and circulation, to more complex activities like transportation, communication, and industrial production.
Energy is also essential for economic growth and development. All forms of businesses use energy, one form or another.
However, the use of energy also has significant environmental impacts, including air and water pollution, climate change, and habitat destruction.
Let's Talk... Electricity
Electricity is one of the most versatile and widely used forms of energy.
It is used in a wide range of domestic, commercial, and industrial applications, from everyday lighting, heating, and cooling to powering devices, machines, and systems.
An important utility enabling transportation, communication, and commerce.
Energy supply and costs are highly sensitive to political events and economic conditions, affecting businesses as prices increase with ever greater demand for energy, particularly electricity.
Adopting solutions that optimize operations will help businesses to lower costs in an efficient and sustainable way.
Today, about 95% of Singapore's electricity is produced from natural gas. Natural gas is used as fuel to produce electricity in power plants run by generation companies. Electricity generated is delivered to consumers through the national power grid, operated by SP Group.
Using natural gas which is the cleanest form of fossil fuel, as it produces the least amount of carbon emissions per unit of electricity, has allowed Singapore to cut the amount of carbon it releases into the atmosphere.
Other energy products – including solar, biomass and municipal waste – accounted for 2.9 per cent, followed by coal at 1.2 per cent and petroleum products such as diesel and fuel oil at 1 per cent.
Year-on-year increasing sectoral consumption
Consider... Rising Costs
Costs have been rising at higher and faster rates in the past 5 years than the preceding years. Not only have prices for materials, labour, utility and property increased, the knock-on effects cause prices for different goods and services to rise steadily and quickly.
As electrical costs continue to increase, businesses are significantly impacted, affecting operational expenses and overall competitiveness. In survival mode, there will be declining productivity, loss of jobs and less incentive for innovation.
Some of the key factors contributing to increasing electricity costs for businesses include :
1. Fuel Price Volatility
2. Infrastructure Investments
3. Regulatory Changes
4. Demand Charges
5. Energy Efficiency Measures
To mitigate the impact of rising electricity costs, businesses must consider implementing energy efficiency measures to reduce electricity consumption and lower overall expenses.
What About... Sustainability
We can no longer ignore the effects of climate change, and the damage that has been caused to our environment through industrialization, commercialization, digitalization and lifestyle choices. The world we leave behind for future generations depend on what we do now, as individuals, corporates and governments.
Sustainability has become increasingly important for businesses, driven by factors such as regulatory requirements, consumer preferences, and global sustainability trends. Adopting sustainable practices not only helps businesses reduce their environmental impact but also enhances their long-term viability, reputation, and competitiveness.
1. Environmental Sustainability
Businesses can focus on reducing their environmental footprint by implementing initiatives such as energy efficiency measures, waste reduction and recycling programs, water conservation practices, and transitioning to renewable energy sources. Investing in eco-friendly technologies and adopting sustainable supply chain practices are also critical for minimizing environmental impact.
2. Carbon Emissions Reduction
Many countries have committed to reducing carbon emissions and transitioning towards a low-carbon economy. Businesses can contribute to this goal by setting targets to reduce their carbon footprint, investing in carbon offset projects, adopting cleaner technologies, and participating in carbon pricing mechanisms such as emissions trading schemes.
3. Circular Economy Initiatives
Embracing the principles of a circular economy involves designing products for longevity, reusability, and recyclability, as well as minimizing waste generation throughout the product lifecycle. Businesses can explore opportunities to implement circular economy practices, such as product refurbishment, remanufacturing, and closed-loop material recycling.
4. Social Responsibility and Community Engagement
Beyond environmental sustainability, businesses are increasingly expected to demonstrate social responsibility by addressing social issues, promoting diversity and inclusion, and contributing to the well-being of local communities. Engaging in philanthropic activities, supporting social causes, and fostering partnerships with community organizations can help businesses build positive relationships with stakeholders.
5. Regulatory Compliance and Reporting
Businesses must stay informed about relevant environmental regulations, sustainability reporting requirements, and industry standards. Complying with environmental laws and regulations, conducting regular sustainability assessments, and transparently reporting environmental performance metrics are essential for demonstrating commitment to sustainability and building trust with stakeholders.
6. Innovation and Collaboration
Innovation plays a crucial role in driving sustainable business practices. Businesses can innovate by developing sustainable products and services, adopting emerging technologies, and collaborating with industry partners, research institutions, and government agencies to address sustainability challenges collectively.
7. Employee Engagement and Stakeholder Communication
Engaging employees in sustainability initiatives, providing training and education on environmental issues, and fostering a culture of sustainability within the organization are essential for achieving sustainability goals. Effective communication with stakeholders, including employees, customers, investors, and regulators, is also critical for demonstrating commitment to sustainability and building trust.
What is... Singapore Green Plan 2030
The Singapore Green Plan 2030 was launched in 2021 as a nation-wide, multi-agency plan to chart the country's sustainable development efforts over the next decade. The plan has five key pillars, being
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City In Nature
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Sustainable Living
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Energy Reset
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Green Economy
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Resilient Future
Consider... What Companies Can Do
80% of a nation's electricity demand is consumed by businesses. The role companies play in energy conservation practices and sustainability efforts will contribute largely to the world's fight against the perils of increasing carbon emission levels.
Here are four broad areas that companies can implement -
1. Adopt Environmentally Friendly Habits
2. Integrate sustainability into business decisions
3. Find more sustainable ways to operate and embrace green opportunities
4. Leverage their sphere of influence to help their sector make the green transition quickly
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Increase efficiency, reduce consumption
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Reduce consumption, lower costs and emissions
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