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This research aims to explore how energy management practices influence energy cost optimization in manufacturing firms.

June 20, 2026Open Access

Impact of Energy Management Practices on Energy Cost Optimization in Medium and Large-Scale Manufacturing Firms in Lagos State, Nigeria

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Quantitative study shows energy management improves cost optimization in manufacturing firms, indicating strategic benefits.

This research aims to explore how energy management practices influence energy cost optimization in manufacturing firms.
Quantitative explanatory design utilized
Primary data collected from key management personnel using a structured questionnaire
Multiple regression analysis applied to assess impacts of various energy management practices
Energy monitoring and control systems significantly enhance energy cost optimization outcomes
Production process efficiency shows a positive effect on energy cost optimization
Adoption of renewable and alternative energy also contributes significantly to cost savings

Eretan et al. (2026) studied this question.

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