HOW THE INCREASING COST OF ENERGY AFFECTS HVAC RUNNING COSTS
The rising cost of energy prices has been front and center in the news lately, so what does this mean for you and your HVAC running costs? As a business owner, you’re undoubtedly worried about increasing prices while the economy is performing poorly. In this article, our team will take a more in-depth look at the impacts of energy costs and how business owners like you may be affected in the coming months. Why Are Energy Prices So High in 2022? As countries around the world started to recover from the worst periods of the COVID-19 pandemic, the demand for energy increased and the supply shortage meant costs went up. To boot, renewable energy resources like wind farms and solar panels were not producing as much energy during the cold winter months, meaning people needed to rely on their traditional heating systems more. As if that wasn’t enough, Russia, one of the world’s largest producers of oil and gas, invaded Ukraine in February 2022, which threat...