Electricity Prices

Electricity: what’s the cost Mr Wolf?

Most would agree, with a consistent hike in inflation it’s becoming somewhat predictable that an annual increase in electricity prices will result.

And looking at the trend over the past decade in Western Australia, the increments aren’t slight either.

Price rises in electricity are inevitably met with dissatisfaction, especially in the domestic market where household budgets are smaller and the impact is more directly applicable.

But for commercial and industrial businesses it generally has a ‘knock-on effect’, usually in the form of price increases for trade partners or consumers which in turn cycles back to increase inflation again. Otherwise, it becomes a loss in revenue for the company and then a loss of jobs.

As such, the argument for investment into energy efficiency is surely stronger than ever:

  • In the age of climate change and environmental sensitivity there’s the obvious responsibility of managing your own carbon footprint.
  • Then there’s the financial and potential productivity gains made from running a more efficient electrical system, which will invariably differ from company to company.
  • With the potential Return on Investment (ROI) of between 4 weeks to 24 months, such an investment has the ability to pay dividends faster than just about any!
  • Investment in power optimisation will directly strengthen our local and national economy by reducing inflation and securing jobs.

Such benefits apply whether your business is a multinational corporation or an SMB, with operations from industrial factories to the office of a sole trader.

Doesn’t it make sense for your operations and revenue stream to invest in a more efficient electrical system?