The world is full of an unprecedented amount of data, with 2.5 quintillion bytes added daily to the internet, according to IBM.
Cut Energy Costs & Improve Sustainability: Big Data Analytics
How Tech Can Limit the Pain of High Connecticut Energy Costs
As featured in CBIA’s economy news section: https://www.cbia.com/news/economy/tech-limits-high-energy-costs/
Connecticut has some of the highest energy costs in the nation, particularly for electricity. As of October 2016, commercial electricity cost 15.93 cents per kilowatt hour (kWh) in Connecticut, which is more than any other state, excluding Hawaii and Alaska, based on data from the U.S. Energy Information Administration.
The Challenges and Opportunities of Deriving Insights from Your Data
Although the use of data in corporate decision making is on the rise, many businesses still struggle to gain meaningful insights from their data.
How CT Companies Can Keep Up as Hartford Innovates
Connecticut’s capital city appears to be on the brink of an economic reinvigoration through a combination of public and private efforts aimed at attracting entrepreneurs to Hartford.
Don’t Wait for Predictability from Politics: Create It Yourself
With Connecticut facing a growing state budget deficit, many residents and business owners are uneasy about what’s to come in terms of taxes, spending and the overall economic strength of the state. Addressing these concerns, Governor Daniel Malloy noted in his State of the State address on January 4, 2017, how the government should try to ease this uncertainty.
Looking at Energy Costs for Operational Efficiencies
When reducing operating costs, many methods come with unintended consequences, such as layoffs or budget reductions. While any cost reduction improves short-term profitability, companies need to consider risks that are difficult to quantify, such as the impact of employee morale and customer experience, which directly affect long-term profitability and revenue growth.
What Is a Microgrid and Why Should I Care?
Behind the scenes of your electricity typically lies a complex web of public and private energy companies that produce and distribute power that ultimately arrives at your business through power lines. While it may seem like just your utility company is responsible for delivering your power, these utility companies are connected to large regional power grids, which are the power lines and related equipment that move power from one point to another.
How to Prepare for the Future of Sustainability
A great leadership challenge is upon us. Stalwart organizations, upstart innovators and concerned citizens alike can take the lead in grappling with, advancing and fulfilling the new sustainability orientation now emerging across the globe. Taking short term steps now could advance broad goals for humanity.
How the Internet of Things Intersects with Energy Management
The Internet of Things (IoT) — a growing category in which billions of ordinary devices are integrated via the internet — offers significant opportunities for businesses to make smarter, more-informed decisions to improve their bottom lines.
Capacity & Demand: Hidden Drivers to Energy Retail Costs
Everyone knows that energy prices in New England are quite high relative to other regions of the country. That is particularly true in Connecticut, where Artis Energy is based. Even though New England’s wholesale energy markets produce competitive prices that reflect suppliers’ costs, per ISO New England, the fact remains that fuel costs – most particularly natural gas which sets the price for wholesale electricity in our region — as well as the need for new power resources and improved transmission, remain key energy cost drivers. Both electricity and natural gas prices have seen dramatic swings in recent years (e.g., in 2012, natural gas prices hit a 10-year low; in the winter of 2015, the region saw some of its highest wholesale electricity prices since 2003), driven in large measure by an inadequate natural gas delivery infrastructure.
But there are other, less visible costs that can – and do — contribute mightily to higher bills for a range of accounts. These include capacity and demand charges. Let’s take a closer look.
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