There are a number of factors which cause the electricity market's volatility. The peak and off-peak usage of energy, the fluctuating costs of the fossil fuels which are used to create electricity and the stability of the delivery infrastructure are just a few of the items that affect energy prices. Compare and contrast the options available to an organisation looking to mitigate the costs of electricity over the long term. Select the optimum approach and explain why your choice represents the best balance of investment to long-term economic savings. Please provide support and reasoning for your responses.© BrainMass Inc. brainmass.com October 10, 2019, 8:05 am ad1c9bdddf
The response addresses the query posted in 563 words with APA references
//In the following discussion, various methods have been analyzed that help in mitigating the rising cost of electricity in an organization. Three popular methods, namely, solar energy, upgrading the existing electronic equipment and promoting better airflow in the office have been discussed and compared. At last, the most optimal method out of the three methods is derived on the basis of an analysis//.
The market volatility of electricity is caused by a number of factors. The fluctuating costs of the fossil fuels and the peak and off-peak usage of energy are some of the factors that affect the energy prices. In order to mitigate the rising cost of the electricity in the long run, an organization can rely on a number of methods, such as the solar energy, upgrading the office equipment and promoting proper air flow in the office (Nelson,Gambhir & Daukes, ...
The expert selects the optimum approach and explains the choice represents the best balance of investment to long-term economic savings. The response addresses the query posted in 563 words with APA references.