Mandatory energy audits force Hong Kong building owners to review use
Costs are high, but law has forced reluctant building owners to review their consumption
Mandatory energy audits - snake or ladder?
The deed is done. One thousand energy audits completed. Tens of thousands of man-hours expended. Tens of millions of dollars in fees handed out.
And for what? No energy audit ever saved a dollar. Only the entirely voluntary implementation of any of the measures recommended will do that. So for the audit exercise itself, no ROI whatever.
That's right. In a town where energy cost improvement measures would not even be cursorily considered without irrefutable evidence that they would pay for themselves in two years, or even one, the owners of the 1,000 commercial buildings that were energy-audited have done the unthinkable.
For good reason of course. Because it was the law.
This one thousand audits exercise has been no mean feat, but all those millions of dollars - was it money well spent?