ATTENTION SMALL BUSINESS OWNERS: ELECTRICITY PRICE HIKES ARE THREATENING YOUR BOTTOM LINE
WE NEED TO PUT A STOP TO IT
PJM Interconnection, the company that manages the electrical grid serving Pennsylvania and several other states in the region, has failed to protect us from higher electricity bills. PJM’s decisions and actions are already increasing family electricity bills by as much as $25 per month, starting this June. More increases are coming if things at PJM don’t change.
As if running a small business wasn't challenging enough, your utility costs are now increasing significantly due to decisions made by PJM Interconnection, the company managing our regional power grid.
What this means for your business:
Your electricity bills have already increased by up to $25 per month since June, with more increases on the horizon. For businesses that operate on thin margins and use significant electricity for refrigeration, cooking, lighting, and HVAC, these costs directly impact your profitability.
The real impact on your business:
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Higher operational costs that eat into already thin profit margins
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Difficult choices between raising prices and potentially losing customers, or absorbing costs and reducing profits
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Competitive disadvantage compared to businesses in areas with more affordable energy costs
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Additional financial strain while still recovering from pandemic-related challenges
HOW PJM COULD BE HELPING YOUR BOTTOM LINE:
If PJM would clear its backlog of new, cheaper energy projects, Pennsylvania businesses could save significantly – an average of $500 annually per household, with potentially greater savings for energy-intensive businesses like restaurants.
WHAT CAN YOU DO?
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