After several weeks of decline, the Energy Research Council national average benchmark price for retail electricity increased 0.63% last week to $0.0742 per kilowatt hour (kWh). The biggest increase last week was in Texas, where the average benchmark price jumped 3.64 percent. During the past month, Texas electricity prices have shot up 4.18 percent. In …Continue Reading
On September 14th 2016, General Electric (GE) spent $495 million dollars on Meridium, a company that specializes in building software that monitors and maintains heavy-duty machinery. This is another purchase in a long line of companies that GE has recently acquired in order to support their new IIoT (Industrial Internet of Things) platform, Predix. With …Continue Reading
Stop for a moment and take a look out your window. While not a measurable environmental benefit, we all know implicitly that daylight and quality views improve our overall mood, health and productivity. Historically, more tangible criteria like energy efficiency and recycling practices have received the most broad-based adoption by businesses. With humans spending 90 …Continue Reading
The market share of LEDs continues to grow, both in the commercial and residential sectors. According to the DOE, in 2015 the installed base of LEDs in the United States was 6.1%, up from 2.9% in 2014. While the initial steep cost deterred and prevented many residential customers from purchasing the technology, significant price declines …Continue Reading
The phrase, “Don’t bring me problems – bring me solutions,” is a typical response managers may give employees when encouraging them to think for themselves. The same sentiment holds true for many retailers and other light commercial building owners when dealing with the energy management systems controlling their facilities. Much attention in the energy industry …Continue Reading
The Energy Research Council national average benchmark price for retail electricity dropped again last week (-0.45%) to $0.0738 per kilowatt hour (kWh). Bucking the downward trend, only Texas electricity prices rose last week, by 1.47 percent. The biggest week-over-week price decline last week was in New York (-1.11%). New York prices are now -2.54% lower …Continue Reading
The importance of lighting in the workplace can be divided into multiple categories, including safety, health, productivity, ergonomics, and personal choice. Among these categories is also corporate social responsibility, which is where the energy saving aspect comes into play.
State initiatives demonstrate a growing awareness that public policy must change to keep up with and encourage technological change. New players entering the industry are demonstrating the power of markets to stimulate investment and innovation.
Commercial buildings are incredibly inefficient, resulting in massive amounts of wasted energy, resources and expenditures. In fact, the average commercial building wastes about 30 percent of the energy used to run it.
The Energy Research Council national average benchmark price last week for a November 2016 electricity contract remained virtually unchanged (-0.21%) from the previous week at $0.0741 per kilowatt hour (kWh). While most deregulated markets had little week-over-week fluctuation in their average benchmark price, Texas posted a significant decline of -2.35%, to $0.0402 per kilowatt hour. …Continue Reading