Strategies for controlling energy costs


As we go to press (end of October), oil futures are trading at more than $90/barrel. Electricity costs are rising. And forecasters are saying that natural gas could take a big jump next year. It’s an understatement to say that energy prices are volatile. Indeed, the fact that they are volatile is one of the only things that’s predictable about energy prices. But that doesn’t mean that purchasing professionals are weaponless in the energy-cost wars. As always, you can turn to strategic planning. And, you can wield your influence within your organizations to bring about more efficient energy use.


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