Energy management - Deloitte Resources 2016 Study
Reducing energy consumption
Business and consumers remain strongly focused on reducing their energy consumption even as persistently low energy prices give them less motivation to do so from a financial perspective. An annual US survey.
Business and consumer remain strongly focused on reducing their energy consumption
The findings of the annual US Deloitte Resources 2016 Study indicate residential consumers and businesses remain strongly focused on reducing their energy consumption, even though record-low energy prices have “taken the heat off” their need to cut costs. These findings corroborate the conclusion reached last year based on the results of the 2015 study: that a tipping point had been passed and the concept of energy management had become engrained.
Among residential consumers, Millennials are leading the way in most aspects of energy management. On the business side, the impetus to be resourceful is about more than cutting costs: their customers are demanding greater environmental stewardship, and containing electricity consumption remains an essential aspect of staying competitive from an image standpoint. Today, neither group shows any sign of turning back. General trends in affordability, practicality, and environmental sensitivity appear to be driving energy management forward, despite strong headwinds in the form of low energy prices and a steeper hill to climb in terms of investment and effort.
About the study
Deloitte, with strategy and market research firm Harrison Group, a YouGov Company, completed its sixth annual nationwide Resources Study to provide insights that can be useful in helping energy companies and businesses make energy-related investment and business decisions.
The study aims to answer questions such as:
- What actions are US residential consumers and businesses taking and expecting to take to manage their energy usage?
- What do they know about the energy marketplace?
- What motivates them to adopt new practices and invest in new technologies?
- How mature are their approaches to managing energy efficiency?