| More
Feed RSS Feed

Energy Costs: Do You Know Where Your Money Is Going?

by Anthony LaPoint 4. April 2011 03:24

Forbes.com recently published a very interesting essay that was written by Nick Main and Joseph Stanislaw. In the article, the authors correctly note that every company must be energy-conscious in order to achieve maximum profitability.

 “Energy consumes a significant portion of an enterprise’s spending, accounting for 5-20 percent of a typical company’s costs. Yet, many organizations have a poor understanding of their energy consumption and how to reduce it. Their unawareness of how they consume energy is analogous to an individual paying for a grocery cart full of food at the supermarket, but without knowing what is in the cart or how much any individual item in the cart costs…..There’s no reason for companies to wait a decade – or even a year – to move towards an energy strategy.”


Until a company acknowledges that energy consummation is a reducible expense, it will continue to unnecessarily expend resources that it could be using elsewhere.

Photo Credit: Jalalspages via Flickr CC

 

Comments

May 21. 2011 18:51 What to Invest In

I think there are lots of people who just keep on paying their electric bills every month without even knowing what they are spending on. This lets energy companies to have an edge because not everyone knows about the things they are charging.

August 3. 2011 07:52 Car Radiator Replacement Atlanta

I wish I understood more about where my own energy is being used
so it's easier for me to knock off those expenditures.
thank you so much for the article!

Add comment




biuquote
  • Comment
  • Preview
Loading