Sunday, 03 April 2011 17:00

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

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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

 

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