From Utility Bill to Strategic Asset: Why Businesses Need to Rethink Energy
Following his recent appearance on the Lead the Team podcast with Ben Fanning, Andy Cormie, CEO of SmartestEnergy US, shares why energy is becoming a business priority and why organizations can no longer afford to view it as just another operating expense.
I recently had the pleasure of sitting down with Ben Fanning from Lead the Team to discuss the evolving energy landscape, the challenges businesses are facing today, and why energy strategy has become far more important than many organizations realize.
One of the key takeaways from our conversation was how dramatically the role of energy has changed for businesses over the past decade.
For years, energy was often viewed as a routine operating expense.
Companies focused on keeping the lights on, managing utility bills, and renewing contracts when necessary. Beyond that, it rarely received much attention at the leadership level. That approach is becoming harder to sustain.
Today, energy influences far more than monthly expenses. It can affect financial planning, operational reliability, sustainability initiatives, and an organization's ability to adapt to changing market conditions.
Part of the reason is that the energy landscape itself is evolving rapidly. Demand continues to increase, new technologies are reshaping how electricity is generated and consumed, and businesses are navigating growing expectations around sustainability and environmental responsibility.
At the same time, emerging trends such as artificial intelligence, electrification, and large-scale infrastructure investments are creating both opportunities and challenges that many organizations have never had to consider before. Because of these changes, energy decisions are becoming more closely tied to broader business objectives.
Forward-thinking organizations are looking beyond price alone and asking bigger questions. How much risk are they willing to take? How important is budget certainty? What role does energy play in achieving sustainability goals or supporting future growth?
These are strategic conversations, not just procurement discussions.
Business leaders do not need to become experts in energy markets, but they do need to recognize that energy is becoming a more influential factor in long-term planning and performance.
As complexity increases, organizations that take the time to understand their energy position and align it with their business goals will be better equipped to navigate uncertainty and identify new opportunities.
Energy may still appear on a utility bill each month, but its impact reaches much further than that.
For many businesses, it is becoming an important part of their overall strategy.
Want to hear the full conversation?
Hear Andy Cormie's conversation with Ben Fanning on Lead the Team as they discuss the forces reshaping the energy market and what business leaders should be doing to prepare.
Watch now