Project Details
Description
In today’s business environment, organizations face increasing pressure to manage resources efficiently while meeting financial and sustainability goals. This paper presents a novel integrative approach that combines AI-driven forecasting with behavioral interventions to help businesses optimize energy consumption under critical peak pricing schemes, reduce costs, and align with sustainability initiatives. We conducted a multi-phase longitudinal study with large organizations, leveraging neural network time series modeling to improve peak energy demand predictions and behaviorally informed communications leveraging planning prompts to enhance compliance with curtailment recommendations. The proposed intervention reduces energy consumption during critical peaks by 42%, yielding average net annual savings of approximately $230,000 per organization. Through a nationwide rollout, we estimate that hourly peak-period CO2 emissions could be reduced by approximately 6,500 tonnes, equivalent to roughly 1 million Canadian households’ daily energy consumption. The results demonstrate significant financial savings and reduced environmental impact, benefiting organizations, regulators, service providers, and society. We contribute to research on resource management, systems thinking, and nudging in an organizational context by aligning technological tools with human processes. This work offers a practical, business-oriented solution to real-world challenges, creating value for multiple stakeholders and positioning firms for long-term success in an increasingly resource-constrained world.
| Status | Finished |
|---|---|
| Effective start/end date | 31/03/21 → 10/11/25 |
UN Sustainable Development Goals
In 2015, UN member states agreed to 17 global Sustainable Development Goals (SDGs) to end poverty, protect the planet and ensure prosperity for all. This project contributes towards the following SDG(s):
Fingerprint
Explore the research topics touched on by this project. These labels are generated based on the underlying awards/grants. Together they form a unique fingerprint.