Knowledge is Power.
AEP Energy’s Customer Insights blog provides helpful information to help organizations like yours make informed decisions regarding their energy management strategy. Read more as we explore a new energy-related topic each month.
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Energy Policy
The Inflation Reduction Act of 2022, not to be confused with an Individual Retirement Account, is a bill passed that aims to reduce the deficit, lower prescription drug costs, and invest in domestic energy production while promoting clean energy solutions. The Inflation Reduction Act or IRA modifies, extends and creates a variety of tax credits …
Solar
With the billions of dollars of incentives for renewable energy in the recently passed Inflation Reduction Act, you may be looking to learn about the advantages of solar energy or at least to get a refresher. Very simply, solar cells convert radiation from the sun into electricity. However, how and where the solar cells are …
Energy Market
Some may refer to the year 2022 as the “year of tumult” for energy markets. With unprecedented high natural gas pricing and volatility, including a run-up not seen since 2007-2008, the natural gas market is finally retreating from a 14-year high of approximately $10/MMBtu, currently at around $5/MMBtu (See Exhibit A). Similarly, U.S. power forward …
Energy Storage
As we enjoy the early fall weather – especially for those in the north – do you ever wish you could ‘bottle up’ a few warm sunny days and save them for the colder winter months? Throughout history, people have stored resources during plentiful times to use during times of scarcity. Electricity is a valuable …
Renewable Energy
The race is on to decarbonize the economy. As energy advisors, we work daily with organizations looking to become more energy efficient and integrate renewable energy into their operations. Use less and produce what you do use from a renewable source – these are the two primary avenues to decarbonize electricity. Not all energy consumed …
Electrification
Earlier in this series we talked about the impact that carbon reduction goals have on organizations, specifically the reporting of the reductions and how to develop effective plans to achieve those goals. In this edition of Customer Insights, we’ll provide an overview into one of the options to reduce your organization’s carbon footprint, electrification. What …
Decarbonization
Climate change is no longer a platform in a political debate, it is now the central concern driving corporate environmental sustainability strategy and is directly influencing consumer purchasing behaviors. Global energy production and consumption are at the center of the fight against negative impacts of climate change, bringing net-zero carbon emissions commitments front and center. …
Decarbonization
When organizations seek to reduce their greenhouse gas (GHG) footprint, it’s important that an accurate emissions inventory is created. Implementing a detailed inventory will facilitate effective reporting, target setting, planning, management and tracking of GHG footprint reduction activities and outcomes. In this edition of Customer Insights, we’ll provide an overview of the generally accepted principles …
Energy Management
Every organization, regardless of size or function, is significantly impacted by how they source and use energy for their operations. From optimizing energy procurement strategies and controlling costs, to meeting ever-growing stakeholder demands for efficiency and sustainability, implementing the best solution to meet your unique needs and goals presents a variety of complex challenges. First …
