Inflation is here. You can see it when you fill up your tank or buy lumber to build your dream home, but does that mean your energy rates will climb as well?
Transitioning into cost-avoidance
As a utility consulting firm that historically has provided cost-savings, our new reality in this state of inflation seems to be cost-avoidance. Energy prices overall are up 25% year over year, and gasoline is up 49.6% according to Jessica Dickler of CNBC.
Not only are inflation rates increasing, but also accelerating at a pace we haven’t seen in over 12 years. Prices are jumping across the board as April reports show that consumer prices leapt 4.2% in the fastest uptick witnessed since 2008. Lumber stands as the big price hike winner due to the housing shortage, with prices having increased a staggering 124% in 2021.
Inflation is here to stay
The rise in inflation does not appear to be transient, as it is showing a steady acceleration. Transient or not, it is more than likely higher prices will stick and it is important to determine how to manage these higher prices.
How can your business avoid much higher energy costs when inflation continues to rapidly increase?
A lasting solution
The best thing you can do to reduce energy cost is to reduce consumption. Here at Brilliant Source, we will offer free upgraded LED lighting to reduce energy usage and achieve this cost savings.
How is it free? We will audit and replace current lighting for a monthly fee over a period of time. The payment for this will be made from monthly cost savings, essentially making it free. No upfront cost, and long term energy savings!
Ready to learn how this solution can help you reduce costs in a time when energy prices are high? My Brilliant Source is passionate about finding the best solutions for you to reduce energy usage and grow your bottom line. Contact us to get started below.
