Method for improving efficiency of a chilled water system having a chiller unit, circulation pumps, a heat absorption unit and a heat rejection unit, including adjusting a temperature of at least one of a chilled water supply to the heat absorption unit and a condenser water supply from the heat rejection unit; measuring efficiency of the chiller unit and at least one of the circulation pumps, the heat absorption unit and the heat rejection unit; further adjusting temperature of at least one of the chilled water supply to the heat absorption unit and the condenser water supply from the heat rejection unit if the measuring the efficiency indicates an improved efficiency; and further adjusting the temperature of the at least one of the chilled water supply to the heat absorption unit and the condenser water supply from the heat rejection unit if measuring the efficiency indicates worsened efficiency.