What a difference a week can make. This time seven days ago we were slogging through uncomfortably hot afternoons. The temperature was peaking at well over 100 degrees, making any kind of outdoor activity unpleasant. The calendar already said September, but it still felt like July.
However, a cold front moved through much of Texas over the weekend, leaving us with cooler temperatures. Granted, “cooler” is a relative term. The highs each afternoon are now in the low nineties, which may not sound all that chilly, but it’s a nice (and very noticeable) change. The temperature after sunset is dipping all the way down into the sixties. In short, we’re happy to see even the first indications of autumn.
Because Texans rely so heavy on electricity for their AC units during the summer months, it’s easy to think of commercial electricity as a summertime worry, particularly if that’s when you see your energy bill at its highest. With cooler temperatures rolling in, concerns over high energy bills tend to fade from our minds. It’s true that summer heat can leave you with noticeably higher business electricity bills, but weather (seasonal or otherwise) is hardly the only factor affecting the commercial electricity market.
The electricity market is a complex thing. A number of elements have the potential to drive the price of business electricity up or down. The cost of fuel, for example, plays a pivotal role. (In Texas, the majority of our power plants use natural gas, so the natural gas market and the business electricity market are closely related to one another.) Other factors include regulatory changes, political decisions, heat rates, supply vs. demand, market forecasts and more. At any given point in time, there are a number of individual elements that can have significant impact on the electricity market.
If it sounds intricate, that’s because it is. The point is that weather is only one of these factors, so while cooler temperatures may mean lower power bills, that doesn’t mean this is a good time to stop diligently developing and employing a solid commercial electricity strategy. Frankly, your energy arrangements are something you should be on top of all the time.
Don’t let that intimidate you, though. Yes, the market is complicated and there are a lot of variables to track and analyze, but there is no reason for you to go at it alone. The team at Live Energy is here to help you navigate these sometimes choppy waters.
Live Energy has been partnering with businesses just like yours for more than 10 years. We have helped literally hundreds of organizations find the product, provider, rate, term and contract that is a good fit for them, and we can do the same for you. We provide our clients with high-end, technical consultation. We do the heavy lifting of analyzing your needs and options and then present our recommendations to you in plain talk. No jargon, no insider technical terms. We want to enable you to understand your options and choose the one you will be most comfortable with, and we want to do that in a way that saves you both time and money.
Cooler weather is on the way, but the business electricity market isn’t about to go into hibernation. It’ll keep moving as it always does. Let us help you stay on top of it.
If you’d like to learn more about how Live Energy can help you develop a comprehensive commercial electricity plan, please call us today at (877) 810-7770.