3 Aug. 2023
The global energy crisis we are facing today has been impossible to control, at this point electric power is a few dollars away from becoming a luxury due to its exorbitant price. High energy demand along with rising Natural Gas and oil prices due to low supply. Add to this the supply disruptions caused by the war in Ukraine, plus the exorbitant rate of inflation the world is facing in the wake of the pandemic, it is the perfect equation to create a global energy crisis. The index for electricity in August climbed 15.8% over the same month a year ago and for the remainder of the year, prices are predicted to rise even further.
This situation has led many to look for ways to reduce the impact on their wallets. From homes to large corporations, everyone is desperate to reduce their energy consumption without reducing their quality of life or working conditions.
There are alternatives to saving energy that go beyond changing light bulbs in the building or unplugging and plugging in electronics several times throughout the day, and these can be more efficient and have a greater impact on your energy bill.
Burning fossil fuels to create electricity has long been the most widely used energy source and a major contributor to the emission of greenhouse gasses into our atmosphere. Renewable sources and energy efficient alternatives are not only our best shot at overcoming the global energy crisis, but they are also important in our fight against global warming and climate change.
Here are a few small changes that can create a big impact:
Investments in renewable energy, energy efficiency, or other climate-friendly technology can act as a shield against the market dynamics that influence the price of fossil fuels for residential or business energy consumers. You can save a significant amount of energy just by automating your HVAC units. You can achieve ideal indoor climate with the help of our AI-powered technology without going over budget.
Setpoint’s Climate Intelligence Solution lets you forecast when your HVAC units require repair, minimize energy usage and peak shaving demand.
Keep your building comfortable using Setpoint’s automated solution, upgrade to Climate Intelligence and start saving!