Our expert consultants use cutting-edge technology and proven methodologies to help you reduce energy costs, increase efficiency, and stay ahead of the competition.
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So, the question remains. Why are commercial energy rates rising so rapidly in 2024? Let's dig in and find out...
The rise of artificial intelligence, the acceleration of industrial onshoring, and the surge in bitcoin mining have significantly intensified demand for commercial energy, leading to rising electricity rates across many sectors. AI's rapid growth, especially in data centers and cloud computing services, has led to massive increases in energy consumption.
For instance, data centers in the U.S. consumed an estimated 73 billion kWh in 2020 alone, and as AI adoption spreads, this figure is projected to grow. Simultaneously, the global movement toward onshoring industrial operations, spurred by supply chain disruptions and geopolitical tensions, has placed further pressure on the energy grid as domestic factories and production facilities ramp up activity.
Bitcoin mining has also emerged as a major energy consumer, with the industry globally estimated to use around 150 terawatt-hours of electricity per year—on par with entire countries such as Argentina. This demand surge has contributed to electricity prices increasing at an accelerated pace, especially in regions like Texas, where bitcoin mining operations have concentrated.
As a result, commercial energy rates in key industrial and tech-heavy regions have risen by as much as 20% over the past five years, creating new challenges for businesses looking to control operational costs. These shifts illustrate a complex energy landscape where the need for reliable power is clashing with limited supply and aging infrastructure.
Business owners are looking for an alternative to high-priced electricity from the public utilities. If The Energy Consultant NJ could show how to secure lower energy pricing in these inflationary times. Helping achieve considerable savings on electricity bills in the next 5 days. By providing a no-cost comprehensive analysis, tailored solutions, and ongoing support.
Using the MIS Method is a simple 3-step process for energy savings.
1. Register the business
2. Upload electricity bill
3. Choose from 4 to 5 suppliers with the best rate and terms
Would a business owner take this offer? Click here
The #1 reason for needing to do this is this… It all comes down to the benefits and outcomes afforded to the bottom line.
Benefits of Energy Choice:
Stable pricing in unstable markets
Tailored strategies for unique business needs
Ongoing support to ensure businesses are always saving
Things are so expensive these days. Electricity rates keep going up and up. Everyone wants lower bills. It is so expensive to conduct business here now. Tired of getting high electricity bills every month. Saving money is important. Nobody wants to be paying the highest rate on their operations.
Just a few high-profile companies that use Mantis Innovations:
Boys & Girls Clubs, Canon, Baker Hughes, SpaceX, and Salvation Army.
The Energy Consultant NJ CEO Michael O'Reilly says...
"In today's rapidly changing geopolitical landscape, energy prices have emerged as a critical concern for businesses across the nation. Our goal is to provide you with the insights and strategies needed to navigate these challenges effectively. Monitoring global energy demand trends, which are influenced by factors such as economic growth, energy efficiency measures, and geopolitical developments. Understanding these trends is crucial for assessing the long-term impact on energy prices."
Consider securing long-term contracts with stable suppliers. This strategy can provide a steady supply and predictable pricing, shielding businesses from short-term price volatility.
These are a few headlines in the news recently...
The average New Jersey commercial electricity rate is 13.74 ¢/kW (9% higher than the national average).
CPI (consumer price index) the inflation measure strips out only food and energy prices because they can be pretty volatile due to environmental issues or geopolitics.
The US index on energy rose 2.1% in the last 12 months.
The index for electricity rose 5%.
So far in 2024, the increase is 3.4%
Competitors are already tapping into deregulated energy savings, can any business afford not to explore this?
The truth is more complex than just supply and demand. It's about knowing the options in the 'what' of energy deregulation.
Everyone in business knows… Whether a business owner or manager knows that energy costs can make up a significant portion of operating expenses. Is this the right time for a business to start researching an energy consultant to partner with… Short answer" YES!"
Advantages of The Energy Consultant NJ as an Independent Consultant for Mantis Innovations…
1. Connect with an Account Executive, the team of energy experts will work to assess current energy usage…
2. Custom savings analyses are created for review, highlighting the best opportunities in the market…
3. Transparent Contract Terms & Energy Rate Components…
4. Ongoing Support and Customer Service…
Yet the question is…
“If there's a need to think about it...
but not haven’t trusted your gut and joined the thousands of business owners experiencing reduced energy costs and savings already…”
If anyone could do it alone, wouldn't it be done by now?
Look…
As the business grows… business gets complicated. And the only way to deal with complications is using more time but there's only so much time owners can spend in a day.
Where the only things needing attention are the important things…
The things that matter…
The rest of the problems are solved by other people and are solved in a way that wasn't even known they existed…
Picture a scenario where predicting and managing energy costs month after month... and what if it's not as complicated as it seems?
Because that's where savings and growth await. And the only thing that stands in the way of all that, is a decision to take action and enjoy the options available.
As soon as clicking that link below, a decision is made to move forward. So what's the waiting for? Not spending any money is good. The only spending done is 10 maybe 15 minutes.
Thanks for the continued trust. The team values partnerships and is dedicated to success.
https://theenergyconsultant.mantisadvisor.com/register
Contact Info:
Name: Michael O'Reilly
Email: Send Email
Organization: MORE Associates
Address: 104 W 16th St, Bayonne, NJ 07002, United States
Phone: +1-201-892-2587
Website: https://moreassociates.clientcabin.com
Source: NewsNetwork
Release ID: 89139598
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