By now, we all have our 2023 budgets in place. At EnerConnex, we understand that facility managers, CFOs, procurement specialists, and controllers all spend a lot of time and effort developing strategic budgets for the year and determining how much operating expenses and energy costs will potentially be. Below are steps that you can take to help you stay within your company’s budget for energy expenses this year.
- Make Energy Management A Priority- Create a plan, assign responsibility, and communicate across all levels within your organization that reducing energy is both fiscally and environmental responsible. Operating expenses typically account for a good chunk of your budget, so it is imperative to analyze and really visualize where you are able to cut back.
2. Explore Energy Efficiency Programs– Identify inefficiencies through outside/or internal equipment and facility audits to identify energy efficiency opportunities:
- Lighting
- HVAC
- Motors
- Compressed Air
- Pumps
Industrial Processes
3. Partner with a Trusted Energy Consultant– Having a trusted Energy Advisor not only helps you navigate energy markets confidently, but also helps you have a better understanding of any regulatory changes that you should be aware of. They will work diligently with you to make sure that you understand all of the different pricing components that goes into your contract. Your Energy Advisor should also walk you through different product types and terms, and contract pitfalls which will provide significant savings and time saved than managing energy buys directly from a supplier.
4. Speak to an Energy Advisor at EnerConnex– EnerConnex is a leading energy advisory firm focused on energy procurement, renewables, and sustainability. With access to one of the largest supplier networks, a proprietary pricing platform, and extensive industry experience we tailor energy strategies based on your specific company needs and sustainability goals.
Don’t let your energy expenses stress you out or absorb a good chunk of your overall operational budget. Contact EnerConnex today to help you navigate energy markets and better manage your energy expenses this year!