[Part 1] Energy Savings: Commodity Procurement
In the current economic climate, hotels and conference centers find themselves searching for new ways to reduce operating expenses more than ever before. The hospitality industry, like any other commercial enterprise, is driven largely by operating margins.
According to a recent EnergyStar report, hotels in the United States spend close to $4 billion on energy each year. Given that energy costs will only continue to increase, reducing energy expenditures has become a viable way to reduce overall expenses.
Hospitality properties can decrease energy expenditures in three different ways:
- By engaging in commodity procurement measures to reduce the cost of electricity
- By increasing energy efficiency to reduce energy usage
- By encouraging the development of sustainable day-to-day behaviors
We’re going to go tackle these energy saving ideas in this three part series. Here is the first part:
Commodity Procurement: Pay Less
In several parts of the country, consumers have the ability to purchase energy from independent marketers. This process is referred to as commodity procurement. Read More »
