Spotlight on Power Management:

Energy costs take a large bit out of business bottom-lines in New Jersey. Companies that are savvy about business development and research often have a blind spot when it comes to energy management. Many of these Managers pay lip service to energy management but never get around to evaluating their energy costs per unit and better still reducing energy costs wherever possible.

 

Many businesses also dont understand that electricity and gas can be purchased from any utility company that is certified to do business in New Jersey. As of May 2011, New Jersey has some 35 utility companies that compete for your business.Talking to these utilities about your options or better still by developing an energy cost containment strategy with a energy management firm, these businesses can reduce costs and thereby double their profit in many cases.

 

Many Property or Facility Managers for example do not understand that there are two alternative ways by which they can purchase energy. The default method is month to month, where the daily price average is billed on a monthly basis as it reflects the daily shifts in energy prices.

 

Many businesses work with energy management consulting firms to enter into fixed term, fixed price contracts that can save them as much as 10-25%. A fixed one year electricity contract for example typically freezes the price of electricity at a price that is approx 15% lower than the kWh price paid in the preceding year. This way going forward, even if the price escalatesthe in the year ahead the buyer's price is protexted because the utility purchases power at that price well in advance.

 

  Recognizing that this is a seminal issue for business in New Jersey, Biz4NJ has partnered with American Energy Savings in Oldbridge New Jersey to offer "Energy Savings Evaluations to New Jersey businesses at no cost.

 

If you are a Business Owner, Building Manager and would like to save money on the unit cost of energy as well as engineer lower consumption, Biz4NJ's Energy Sponsor (American Energy Savings: www.aesavings.com) offers all business owners and Managers a complimentary review of the prices they are paying for electricity and gas. All you have to do to set that up is to email Biz4NJ's Publisher at pphilip@Biz4NJ.COM