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How electricity affect business productivity
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[QUOTE="Jasz, post: 206792, member: 61772"] Electricity is the lifeblood of most businesses, and a sudden power outage can cause disruption to business operations. In other cases, a reduced supply of electricity can impact productivity - leading to lost sales and higher spending in order to make-up the deficit. Electricity is an essential part of any business, factory or office that needs it will not operate without it. Due to the importance of electricity in modern business, business productivity can be affected directly by the quality and nature of electricity. Electricity really does affect every business: productivity is higher, workplace accidents are less likely and, according to studies, firms will more likely develop and expand if they are in close proximity to a reliable source of electricity. The World Bank is reporting that a surge in productivity can result in significant reductions on a country's GDP. Adequate electricity improves access to education and better health care, boosts the development of other sectors and improves business productivity. The only way to become a sustainable economy is to create incentives for private investors to build power plants, which require a variety of international financing mechanisms. Presented at the World Small Business Summit, Sir Richard Branson, chairman of the Virgin Group and an advocate for both companies and people using renewable energy, stated that businesses that use renewable energy are more profitable than their competitors. Electric bills are becoming a greater part of business expenses, so it is essential for business owners to understand how these costs affect their company’s productivity. [/QUOTE]
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