What is an energy management plan?

An energy management plan is best defined as a strategic framework that outlines actions to improve energy efficiency and reduce costs. This involves assessing current energy use, identifying inefficiencies, and implementing practices and technologies that enhance energy performance.

The focus of an energy management plan extends beyond just cost-saving measures; it emphasizes a holistic approach to energy management, incorporating strategies that enhance operational efficiency, promote sustainability, and align with broader business goals. By addressing energy consumption comprehensively, the plan can facilitate better decision-making, encourage the adoption of renewable energy sources, and track progress towards energy-related objectives.

While aspects like budgets for energy consumption, guides for selecting energy supplies, and efforts to reduce carbon emissions are certainly components or goals within the broader scope of energy management, they do not encapsulate the complete essence of an energy management plan. The correct answer underscores the overarching strategy and multifaceted nature of managing energy effectively within an organization.