August 13, 2007—Utility costs are consistently cited as the top facilities-related expense category, according to new research by EMSInsight, the research and publishing arm of Expense Management Solutions (EMS). However, as volatile energy markets and increased competition for resources drive prices higher, innovative new approaches to utility cost management are helping companies control or reduce their energy expenditures by 10 to 20 percent or more, says EMS.
The EMSInsight report, Utility Cost Management: Best Practices and Innovations, explores the challenges faced by corporate real estate executives as they attempt to balance high demand for energy, rising utility rates, and management directives to lower operating costs.
“Utility cost management may be the single most challenging cost management effort a company can undertake,” said Scott Tibbo, CFM, the author of the report and managing director of real estate services for EMS. “Energy waste is spread throughout every organization, from un-insulated pipes and worn belts to office layouts that disrupt airflow.”
The EMSInsight report provides businesses with best practices that enhance energy efficiency, and drive down utility costs. A copy of the report is available online.
For more on EMS, a company that delivers strategies and solutions to increase shareholder value, see the Web site.
