What's your business' plan for managing energy costs? Would you be more likely to act if you realized that your utility electric rates have been going up more than 7% annually for nearly 40 years? For comparison, this is 2-3 times the rate of inflation in the Consumer Price Index and the Producer Price Index.
Looking forward, this high inflation rate compounds dramatically. For example, assuming electricity inflation continues at the same rate, a single kilowatt-hour, which today costs a business $0.14-$0.16, will increase more than six-fold to over $1.00.
Enter below your monthly or annual electric expense and you can see what your 20-year electricity liability is.
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