
The energy cost problem is currently affecting both residential and commercial structures, and the Russian invasion of Ukraine is expected to exacerbate the situation as the conflict continues.
While the immediate fuel and diesel expense problem is apparent, a chance for long-term solutions is also underlined. With millions of people facing actual hardship as a result of rising energy costs, no comprehensive plan for tackling a significant contributory element, our built environment's poor energy efficiency, is in place.
The price of energy has never been this low, but most of the discussion about potential remedies focuses on either short-term financial measures or very expensive fixes such as renewables. Renovation and refurbishment are two options for increasing energy efficiency. Unless and until facility managers begin to address the energy performance of both residential and commercial buildings, the energy crisis will only worsen in the future.
Costs associated with operating and paying employees are projected to rise as a result of the energy crisis' effects on enterprises. The rising expenses of overhead, which have a direct influence on their bottom line, will be the biggest problem for the service provider side of the industry.
The difficulty faced by employees who are paying increased living expenses could lead more people to look for jobs paying more or push some firms to think about paying more to keep their current teams.
The knock-on effect of the energy crisis on the customer side must be higher pricing structures for the customers, which is bad news for them because their service support teams must raise rates at the same time that their energy expenses climb sharply.
Facility managers should make sure their systems are appropriately maintained if they want to reduce escalating costs. Saving money by reducing maintenance costs will ultimately result in much higher costs.
Studies have shown that keeping HVAC systems well-maintained can significantly cut down on energy use. In a similar vein, subpar maintenance can significantly raise energy use. Therefore, to minimize energy consumption, facility managers must maintain adequate maintenance.
All of the aforementioned factors put a strain on facility managers' budgets, which makes it difficult for them to maintain the same standard of service delivery. How much of this can be passed on to the end user will provide a problem for the facility management and will undoubtedly strain relations.
To make a well-informed decision that benefits both them and their end customers, facility managers must do an in-depth analysis of their situation.
While the immediate fuel and diesel expense problem is apparent, a chance for long-term solutions is also underlined. With millions of people facing actual hardship as a result of rising energy costs, no comprehensive plan for tackling a significant contributory element, our built environment's poor energy efficiency, is in place.
The price of energy has never been this low, but most of the discussion about potential remedies focuses on either short-term financial measures or very expensive fixes such as renewables. Renovation and refurbishment are two options for increasing energy efficiency. Unless and until facility managers begin to address the energy performance of both residential and commercial buildings, the energy crisis will only worsen in the future.
Costs associated with operating and paying employees are projected to rise as a result of the energy crisis' effects on enterprises. The rising expenses of overhead, which have a direct influence on their bottom line, will be the biggest problem for the service provider side of the industry.
The difficulty faced by employees who are paying increased living expenses could lead more people to look for jobs paying more or push some firms to think about paying more to keep their current teams.
The knock-on effect of the energy crisis on the customer side must be higher pricing structures for the customers, which is bad news for them because their service support teams must raise rates at the same time that their energy expenses climb sharply.
Facility managers should make sure their systems are appropriately maintained if they want to reduce escalating costs. Saving money by reducing maintenance costs will ultimately result in much higher costs.
Studies have shown that keeping HVAC systems well-maintained can significantly cut down on energy use. In a similar vein, subpar maintenance can significantly raise energy use. Therefore, to minimize energy consumption, facility managers must maintain adequate maintenance.
All of the aforementioned factors put a strain on facility managers' budgets, which makes it difficult for them to maintain the same standard of service delivery. How much of this can be passed on to the end user will provide a problem for the facility management and will undoubtedly strain relations.
To make a well-informed decision that benefits both them and their end customers, facility managers must do an in-depth analysis of their situation.
About the Author: Eze Saviour
