Be energetic when it comes to energy!

By: Trademagazin editor Date: 2022. 11. 10. 10:25

According to Ádám Wilder, the director of BDO’s finance advisory division, not so long ago the number one energy-related problem of the European Union and Hungary was switching to greener sources of energy, as soon as possible. The situation has changed by now: the main task of governments is to guarantee energy supply, at the same time not giving up on the environmental goals either.

As for the situation of companies, they are simply forced to improve the efficiency of their energy use. They need to review the technology they use, their energy consumption, supply chains, operating processes, and the related trade agreements. Many have already started doing this, and the longer a firm delays this, the bigger the problem they will face, as nobody can tell in advance how energy prices will develop, because not only demand and supply but global political events are also shaping the market. Those businesses will be in a more favourable situation which react in time, and adapt to the new conditions quickly, redefining their operations even if their profits drop or disappear for a while in this volatile situation – explained BDO’s expert. //