Economic analysis of using the energy management system in the building with the approach of reducing cost and energy consumption

Economic Annals-XXI: Volume 209, Issue (5-6), Pages: 36-41

Citation information:
Nazori, A., Putri, S., Anggraeni, D., Sri, K., & Deni, M. (2024). Economic analysis of using the energy management system in the building with the approach of reducing cost and energy consumption. Economic Annals-XXI, 209(5-6), 36-41. doi: https://doi.org/10.21003/ea.V209-04

Agani Nazori
PhD (Engineering),
Faculty of Technics;
Electrical Study Program,
Faculty of Engineering,
Budi Luhur University (Universitas Budi Luhur)
Jl. Ciledug Raya, RT.10/RW.2, Petukangan Utara, Kec. Pesanggrahan, Kota Jakarta Selatan, Daerah Khusus Ibukota Jakarta, 12260, Indonesia
nazori@budiluhur.ac.id
ORCID ID: https://orcid.org/0000-0002-6480-5268

Suryandari Putri
PhD (Engineering),
Faculty of Technics;
Architecture Study Program,
Faculty of Engineering,
Budi Luhur University (Universitas Budi Luhur)
Jl. Ciledug Raya, RT.10/RW.2, Petukangan Utara, Kec. Pesanggrahan, Kota Jakarta Selatan, Daerah Khusus Ibukota Jakarta, 12260, Indonesia
putri.suryandari@budiluhur.ac.id
ORCID ID: https://orcid.org/0000-0002-0329-9891

Dyah Anggraeni
MT (Engineering),
Faculty of Technics;
Architecture Study Program,
Faculty of Engineering,
Budi Luhur University (Universitas Budi Luhur)
Jl. Ciledug Raya, RT.10/RW.2, Petukangan Utara, Kec. Pesanggrahan, Kota Jakarta Selatan, Daerah Khusus Ibukota Jakarta, 12260, Indonesia
anggraeni.dyah@budiluhur.ac.id
ORCID ID: https://orcid.org/0000-0001-7967-8356

Kurniasih Sri
MA (Engineering),
Faculty of Technics;
Architecture Study Program,
Faculty of Engineering,
Budi Luhur University (Universitas Budi Luhur)
Jl. Ciledug Raya, RT.10/RW.2, Petukangan Utara, Kec. Pesanggrahan, Kota Jakarta Selatan, Daerah Khusus Ibukota Jakarta, 12260, Indonesia
sri.kurniasih@budiluhur.ac.id
ORCID ID: https://orcid.org/0009-0006-3010-2114

Mahdiana Deni
PhD (Engineering),
Information Systems Study Program,
Faculty of Information Technology,
Budi Luhur University (Universitas Budi Luhur)
Jl. Ciledug Raya, RT.10/RW.2, Petukangan Utara, Kec. Pesanggrahan, Kota Jakarta Selatan, Daerah Khusus Ibukota Jakarta, 12260, Indonesia
deni.mahdiana@budiluhur.ac.id
ORCID: https://orcid.org/0009-0006-4285-5762

Economic analysis of using the energy management system in the building with the approach of reducing cost and energy consumption

Abstract. Energy management in the construction industry is one of the important issues in the field of construction industry, which can reduce the cost of energy and pollution. Considering that a significant part of the share of energy consumption among the consumer sectors is related to the domestic and commercial sectors and this share continues to increase, the need for research in energy consumption management and the investigation of effective indicators in the construction industry. It seems vital in order to optimize energy consumption. In this research, after examining the society and the statistical sample, data collection has been done to examine effective criteria and options related to energy consumption management.

The purpose of this research is to estimate the potential of reducing energy consumption and evaluate its financial and economic benefits in the building through energy audit and identifying strategies to reduce energy consumption. For this purpose, the amount of energy consumption in the typical 6 floor building with 100 square meters of floor area in Jakarta in 2023 was audited using the energy economic evaluation software, and then action strategies to reduce energy consumption have been introduced and their potential to save energy consumption as well as the resulting financial benefits have been evaluated. In the next step, the energy costs and the capital return period were calculated once in the sample building model and again in the case where the energy management system was simulated on that building. The results show that by using energy management solutions (economic construction and facilities), energy consumption is reduced by 3.20%. Also, considering the current price of fuel and the 5-year time period, according to the inflation rate of 2% per year for the return of capital obtained from the economic analysis, additional initial costs will be compensated by applying the proposed policies.

Keywords: Energy Consumption Management; Building; Construction Industry; Energy Cost; Investment Return Period; Economic Analysis

JEL Classifications: Е24; Е41; Е64; I18; J28; J31

Acknowledgements and Funding: The authors received no funding for this research.

Contribution: The authors contributed equally to this work.

Data Availability Statement: The dataset is available from the authors upon request.

DOI: https://doi.org/10.21003/ea.V209-04

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Received 26.01.2024
Received in revised form 20.02.2024
Accepted 9.03.2024
Available online 29.06.2024