The State Utility Forecasting group is projecting a rise in electricity rates of 20% over the next six years.
What can you do about this? From a pure rate standpoint, not much or at least here in Indiana where the rate that you are charged for electricity is regulated. If you are fortunate enough to own a business in a deregulated state, you can certainly use the free market to impact the rates that you pay.
As far as non-rate related actions, there are plenty. I will save that for another blog, but there are many action items that generate savings.
Whether your business is in a regulated or deregulated state, there is money to be saved on your utilities.