Trends in the Energy Market

Our COO, Azi Feifel, was recently featured in the Daily Herald in an article entitled A Balanced Energy ‘Diet’: Weighing Efficiency and Practicality. The article discusses the benefits and drawbacks of pursuing energy efficiency. He states that it is important to consider the downsides of any new technology, such as wind turbines and solar farms, before implementing them and argues that while there are downsides to pursuing energy efficiency, the benefits outweigh the negatives. 

He also provides several recommendations for pursuing the best energy efficiency practices, including considering the downside of each energy source, using sound economic judgment, and educating oneself on the supply chain. Azi went on to say that the government must also play a role in promoting and regulating efficient energy use. 

Finally, it is important to look at the big picture when making decisions about energy use because what may be the best solution for one person or family may not be the best for another. 

The article concludes by urging readers to look at the big picture and do their part to promote a future with more efficient energy production.

Our CEO, Isaac Shkop, knows a thing or two about smart energy purchasing strategies. During a webinar presentation for the Chicagoland Apartment Association, he shared his insights on procuring energy efficiently.

Here are three key takeaways from the webinar:

1. First, it's crucial to purchase energy in small increments over time in a volatile energy market to mitigate risk.
2. Second, PRI has saved clients an average of 16 percent on energy costs and 60 percent on volatility over the past 18 years.
3. Third, purchasing 100 percent of energy needs all at once and signing long-term energy contracts at fixed rates is like playing roulette - you're taking a big gamble with no guaranteed payoff.

If you're looking to save money and reduce risk in your energy procurement, keep these tips in mind.