Energy Cost = Price x Quantity. The implication of this expression is clear; energy cost is proportional to both price and quantity. Why then do companies often take a one-sided approach to energy management? By focusing solely on either reducing their unit costs or their consumption, companies miss out on significant energy savings. Worse yet, trying to reduce both price and quantity without understanding their interdependencies can result in cannibalized savings and missed ROI targets. In this brief, we will examine cost management strategies and the pitfalls to avoid when implementing a comprehensive approach to energy management.
Who Should Read This:
During his 25+ years consulting organizations on energy cost optimization, Tommy Greer has seen firsthand how high-performing organizations are managing their energy spend. In this checklist, he shares the top 4 ways to drive down your energy costs.
In this webinar, ISG Energy’s Tommy Greer gives a review of the energy regulatory landscape, why energy procurement is currently opportunistic, and the top 4 ways to reduce energy costs through a comprehensive energy management strategy.