More broadly, energy management is referring to energy in the physics definition of the word:
Energy - Wikipedia
Energy can neither be created or destroyed (2nd law of thermodynamics) but only change form. The classic physics example is a ball at rest on the top of a hill. This ball has high Potential Energy (energy due to the height of the object) but no Kinetic Energy (energy due to the speed of the object). Once you roll the ball down the hill, you've converted all that Potential Energy into Kinetic Energy, because you changed a ball with no speed but some height into a ball with no height but some speed.
It sounds trivial but it's actually intimately related to flying, especially gliders (who have to gain potential energy by finding thermals or other types of lift) and helicopter pilots (who have to be ready to autorotate at any time and respect height-velocity diagrams as part of their normal flying).
Like what was previously mentioned in this thread, the RJ crew not paying attention as their speed bleeds off in V/S mode isn't respecting conservation of energy: They don't have enough Kinetic energy (airspeed) to convert to the potential energy (altitude) they want to reach.
Likewise neither is the crew who descends too early and has to use extra fuel to get to the destination, or the controller who slam dunks somebody and gets the classic "I can slow down or go down, pick one" response.
Spoilers, early gear and flap extension, S-turns and slips and jamming the props full forward are all clever ways of bleeding off excess energy. But the real payoff seems to be becoming in tune enough with the energy state of the airplane and thinking far enough ahead that you don't have to use any of it.
My glider instructor was a retired B744 CA, and said he used to bet the FOs drinks at the hotel bar that he could fly top of descent to the outer marker without touching the power levers. By the sound of it he got a lot of free drinks!