No one knows completely how the economy will perform in 2023. Predictions are all over the chart from “soft landing”, recession, to “stagflation.”
Regardless of what politics you ascribe to or your chosen news source, most have no idea the energy price increases lurking around the corner in 2023- that the Energy suppliers have known since September and October 2022 (see links below… and note the post dates). This will lead to higher inflation, add that with soft economic activity = stagflation.
How this will end up affecting the overall economy is anyone’s guess. However, one thing is for certain, as a budget-conscious person, what you don’t know could be costing your company now and into the future. Your facility may be operating at a low efficiency ratio, or Power Factor. Energy Bills are a necessary evil, but few know you may be able to improve the efficiency of your operation without extensive retrofitting and capital investment.
Energy Efficiency Group specializes in improving operational efficiency by addressing the problem at its core. Our proprietary process will analyze your facility and give you options to optimize and operate “like it’s 2019.”
News Bulletin Links:
- https://www.aepohio.com/company/about/rates/rising-fuel-costs
- https://www.duke-energyohiocbp.com/
- https://www.crainscleveland.com/energy-and-environment/ohio-electricity-rates-set-spike-2023
- https://news.duke-energy.com/releases/duke-energy-progress-submits-annual-update-for-fuel-renewable-energy-energy-efficiency-program-charges-in-north-carolina
