US energy spend ‘lowest in a decade’
The United States spent 20% less on energy in 2015 than in 2014, and the lowest amount since 2004, according to newly-published figures.
The decrease has been attributed to lower fuel costs: the transportation sector uses 45% of the country’s energy., and lower fuel costs helped to reduce the spend.
As Energy Live News reports: “Declines in petroleum product prices accounted for almost all of the overall price fall, as petroleum-based fuels accounted for 97% of total usage in the transportation sector in 2015. California had the highest total energy spend, accounting for 11% during the same period.”
Reducing the UK’s energy spend
The question for the UK is how do we replicate this? Our (motor) fuel is subjected to especially high taxes, so is unlikely to provide any significant financial savings in the near future. Electric cars are becoming more popular but are some way off becoming truly mass-market.
So cutting electricity and gas spend and consumption have to be the main targets for reduction. Firstly, we can reduce what energy costs, and it’s pretty easy, especially for business. You just need to speak to NGP and let us take care of the rest. We’ll renegotiate your contracts for you and make sure you’re never spending a penny more than you should be. Call us today on 0845 643 5432 and we’ll show you how we can help.
The second way also involves talking to us (plus, we’re all lovely people, so that’s a bonus): we can help with your energy management. Up to 40% of energy demand is typically wasted, but with our Energy Desk platform, we can help you to cut out this waste. It will monitor and measure your energy consumption (and, where appropriate, your Carbon emissions) and show you the costs of this consumption 24/7, 365 days a year.