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3 Snow Day Activities in Chicago

 

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Eligo Enlightenment Weekly

Written by Lindsey 1/15/2018

There is no denying that “Chiberia” is in full effect.  Streets are snow-covered, sidewalks are slippery and wind burn is the new suntan.  Be that as it may, Chicagoan spirits never falter, and we find a way to get out and have some good, warm fun.
We’ve Compiled a short list of things to do during these cold months that are sure to inspire even the most tenacious of hibernators to venture out and enjoy the city. 


#1 Museum Day
This is a no-brainer.  Linked below are museums with all of their current exhibits. Happy Learning!

(Multiple values)

Science & Industry

Shedd

Adler planetarium

Field Museum

Art Institute 

Get your CityPass here for discounted tickets. 


#2 Relive your Childhood
Nothing says “It’s Winter” better than a night of bowling or a movie, except when you can do that and more in the same building!
322 E Illinois St Chicago, IL 60611
This location houses FTW, AMC River East, and Lucky Strike.  One-stop for dinner, drinks, games, bowling, movies, etc.  So much fun packed into one place! 

luckystrike


#3 Sur La Table

Cold out… √
Don’t have groceries…√
Sick of the same stuff you always cook…√
Want to learn a new skill and impress your loved ones…√
Sur La Table is quite possibly one of my favorite winter activities.  You learn, create, and get to enjoy the fruits of your labor.  

Click here for the 900 N Michigan location for their class schedule! 
surlatable


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Eligo Energy

201 W Lake St. Suite 151

Chicago, IL 60606

Eligo’s 5 tips to save on energy this winter

Eligo Enlightenment Weekly

Eligo’s 5 tips to save on energy this winter

Understanding what your energy does for you and how to maximize resources in the new year

 

Written by Lindsey 1/11/2018

Coming into 2018 with fresh ideas, goals, and a positive outlook on the future gives us the feels.  Gyms are full, at home cooking is in full force, and there is a general sense of great change to come.  Self betterment is always in the forefront when we think of resolutions, but we sometimes lose sight of smaller, more manageable goals that can give us the momentum to perpetuate our positive vibes.  Instead of being over-eager, and later overwhelmed by our ambitious goals, we need to understand what it takes to create our desired behavioral change.  Instead, smaller, more manageable goal-setting gives us a platform from which to build upon without draining our energy mentally, staring at that perfect version of ourselves that’s not yet in reach.  

A way to start small: Sitting down with your utility expenses.  We know, sounds rather rudimentary.   Looking at your utility expenses (or expenses of any kind) can be daunting and at the same time seem trivial.  Think of this as a step toward a behavioral change.  Maybe you want to be in control of your finances and pay down debt, or start saving for a large investment (home/car/boat/personal training/etc).  Remembering that small steps lead to big change is key for you to stick to your plan and see your goals come into fruition.  There is no better time to kickstart assessing and understanding your resource allocation for the coming year (especially when jack frost is nipping at, well, everything and making it easy to hibernate).  We’ve compiled a list of tips tricks and links to not only take ownership of your utility usages and expenditures, but also to provide some winter warmth in these chilly months.  

Eligo’s List

Energy Saving $Tips

  • Invest in LED lights. Opt for Energy Star certified LED Christmas lights instead of inefficient older lights (find them here). You can also take your old lights to Home Depot for cash toward a new set: HomeDepot.com LED Savings for average household can be $1,000 over a 10-year period. USA Today
  • Clean air ducts. To make sure fresh, allergen-free air flows through your home throughout the winter, clean your ducts. Filthy ducts clog up faster and force your system to work overtime. Consider Duct Cleaning Your air ducts can account for about 20% of your energy usage.  Learn the advantages here.
  • Seal up cracks. Minor cracks and gaps in windows and doorways can allow cold air to seep in, leading to higher energy bills. Apply caulk or weather stripping where cold air might creep in, such as around doors and windows.  Visual inspection as well as other, more creative inspections are considered on Energy.gov Savings for the average household vary, however you can cover all of your bases by following the tips on Energy.gov’s air-sealing article.  Get the scoop here.
  • 45%The portion of your energy bill that goes to heating. According to the Department of Energy, heating is the largest expense in the average American home. Install weather stripping to doors and utilizing plastic insulation for your windows will keep costs down considerably.  Learn how to install here.
  • Lower your thermostat setting when you leave for the day.  Keeping your home at a constant temperature does not save any money or energy. Chicago Tribune mentions that “you save up to 1 percent per year on your heating bill for each degree you set back the thermostat for eight hours, such as when you’re sleeping or at work. A 10-degree drop could be 10 percent savings”. Get all the information on energy saving myth busts here.

 

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Eligo CEO says “This is What Makes a Great Investor” in Fortune magazine

Incubators aren’t always worth the cost.

The Entrepreneur Insiders network is an online community where the most thoughtful and influential people in America’s startup scene contribute answers to timely questions about entrepreneurship and careers. Today’s answer to the question “What’s the best way for young startup owners to develop relationships with angel investors?” is written by Alexander Goldstein, founder and CEO of Eligo Energy.

As an angel investor and an entrepreneur, I can say firsthand that having smart, motivated investors is critical to the success of your startup. The right investors can open doors, identify and help resolve potential problems, and connect you with other investors. The best investors will actively scrutinize your startup and help you anticipate potential problems, often at the expense of telling you that you are heading in the wrong direction.

Continue reading at Great Investor

Eligo CEO Alexander Goldstein has “5 Money-Saving Tips to Beat the Heat” in Money Magazine

Know the Peak Hours

Many energy providers are switching to advanced metering infrastructure, known as smart meters, which can charge different rates for energy used during peak hours. In fact, about 51 million residential units have been installed so far in the U.S. in states like California, Texas, Florida, Oklahoma, Arkansas and Maryland. For most people, peak hours tend to be between 9 a.m. and 9 p.m. “For the same usage, you’re better off running the dishwasher after 9 o’clock and plugging in chargers overnight as well,” says Alex Goldstein, CEO of Chicago-based retail energy provider Eligo Energy.

PSE&G, which serves as New Jersey’s largest utility, expected daily demand for electricity to soar to 8,937 megawatts Wednesday, with the demand growing each day after that if temperatures remained in the 90s. The utility hit its record high on Aug. 2, 2006 with 11,108 megawatts consumed.

Temperature is Key

For every degree you lower the temperature in your house, you raise your bill by up to 6%, according to electric utility Eversource, which provides service to customers in Massachusetts, Connecticut and New Hampshire.

For the most part, setting your thermostat at 78°F in the summer is optimal, especially if you’re using a fan to circulate the air, according to Consumer Energy Center. When you leave the house, instead of turning your air conditioner off completely, increase the temperature to 85°F. If you turn off your HVAC unit completely in a large house, it can take additional energy cooling it back down and could cost you more than if you had just adjusted the temperature.

Maintain Your Equipment

It can really save you money to check and replace the filters in an air conditioner or HVAC system regularly. Over time, they clog up and end up using more power to achieve the same cooling affect. Goldstein recommends changing filters every six months.

It can also be cost-effective to replace old appliances with energy-efficient ones, usually labeled Energy Star, according to Con Edison, which supplies energy to New York City residents.

Continue reading at Beat the Heat

Eligo’s Mark Freidgan talks Asian energy regulations in Japan’s New Energy Rules Make it a Paraside for Renewables”

JAPAN IS A weird place. But not for any of the reasons you’re thinking. I’m talking in terms of energy, because among industrialized, consumer-ized, electronically-driven nations, Japan probably has the world’s worst portfolio of homegrown energy resources—it’s the second largest net importer of fossil fuels. But it gets weirder. This month, the island nation rewrote its energy rules to give consumers the power to choose which energy source it wants.

Before Fukushima, Japan got 30 percent of its power from nuclear energy. That would be significant even in a countrywith abundant natural resources. In lieu of coaxing a gas-filled meteor to fall into its lap, the Japanese government is hoping to use market forces to generate innovation in the energy sector. See, if electricity buyers get to buy from the lowest bidder, then those bidders will have to compete for ever-lower prices. Which doesn’t just mean lower prices for consumers: It could result in a boom for renewables.

First, a quick primer on how you get electricity. The stuff begins at the generator—a coal plant, hydroelectric dam, warehouse full of hotwired hamster wheels, whatever—and then enters transmission lines. Those electrons then go into local lines, pass through your meter ($$$), and finally get converted by your computer into the webpage displaying this article.

Traditionally, this whole process was operated by so-called vertically-integrated energy providers. They own the plants, they own the lines, they send you the bill. The price of electricity gets set by regulators, who base them on a company’s operating costs. “There is a downside, and that is a monopoly doesn’t allow for much competition and therefore it doesn’t allow for innovation,” says Mark Friedgan, chief information officer of Chicago-based Eligo Energy.

Continue reading at Japan Renewables

Eligo’s Mark Freidgan talks crude oil price’s effect on the energy sector in Voice of America

……

Demand for natural gas dropped to a 31-year low in recent weeks, while storage remained at all-time highs. Davis said, “With the advent of liquid natural gas (LNG) exporting, you now have a set global price. LNG will now be exported around the world, and this oversupply will start to draw down leading to higher prices in natural gas.”

Another factor contributing to the surge in stocks is participation from the financial sector, which was largely unexpected because low-to-negative interest rates are a challenge to bank earnings and growth. Just this Thursday, the European Central Bank (ECB) announced it was cutting its main interest rate and expanding its massive bond-buying program.

Steven Kalayjian of KnowVera said more Quantitative Easing (QE) from central banks is bad for the markets because it artificially inflates asset prices.

“Since 2008, global central banks, including the Federal Reserve, have cut rates over 650 times, which has not spurred any economic growth. In fact, global GDPs are in a decline,” Kalayjian said. “The recent rally is based on false hope of more Quantitative Easing when markets should be moving on solid fundamentals like strong corporate earnings and healthy economic data.”

Mark Friedgan, Co-Founder & CIO of Eligo Energy, is in agreement with Kalayjian. “While QE may have been necessary to preserve the global economy when it began, after more than seven years of various forms of QE worldwide, it must eventually end,” Friedgan said. “The concern I have is that this end to artificial government influence on the economy will result in a day of reckoning for investors who have been chasing yield in both exchange-traded assets and private investment. The economy and markets must prove that they can survive and grow substantially without this government tailwind.”

Read the full article and see the video at Crude Oil Rebounds

Eligo’s CEO helps consumers with choosing an energy provider in AltEnergy magazine

Why schools should have the right to choose their electricity provider?

We believe that all customers should have a right to choose their own electricity supplier.  Given the likely savings that customers making the choice are likely to experience, in the age of ever-tight budgets, schools would be able to apply the saving in other areas.

 

Why incentives for AES’s to expand energy efficiency programs could benefit both schools and consumers?

There has been a lot of recent media attention surrounding how much Michigan schools have saved with deregulation. If more schools could participate, (or more consumers, small businesses or even big businesses) think about how much money could be saved. Over time, the amount saved would add up, saving hundreds of thousand dollars on energy bills (as seen by the Michigan public school systems).

Continue reading at Choosing Your Own Energy Provider

Eligo’s CEO has some money saving tips in CBS’s Small Business Pulse

3 Ways To Keep Costs Down By Saving Money On Your Business’s Utility Bills

Opening and operating your own business is by no means cheap. There are a number of different important fixed and variable costs that you’ll always have to pay, including rent, salaries, insurance, maintenance and utilities, which, when added up can come out to a lot of money. So when there’s an opportunity to save major bucks, wouldn’t you want to take it?

I figure that any business owner would answer the above question with a resounding “Yes, of course I want to save money when and where possible.” Here is a small checklist of things you can do to ensure that your energy bill remains low so you can put your money to better use, improve the business, employ top talent and make yourself more profitable.

 

Conduct a light audit

screen shot 2015 08 31 at 3 41 10 pm1 3 Ways To Keep Costs Down By Saving Money On Your Businesss Utility Bills

Did you know that lighting accounts for nearly 30 percent of your energy bill? Because LED lights consume 80 percent less energy that traditional light sources, and they last 40 times longer, switching all of your lights to LED bulbs can stop you from wasting energy, which ends up reducing your energy bill. There are tons of companies that will offer a free lighting audit. Check online for local companies willing to conduct an audit of your offices so you can minimize your lighting bill and maximize your savings.

continue reading at 3 Ways to Keep Costs Down

Eligo’s Mark Freidgan interviewed about the rebound of crude oil on Voice of America

“Since 2008, global central banks, including the Federal Reserve, have cut rates over 650 times, which has not spurred any economic growth. In fact, global GDPs are in a decline,” Kalayjian said. “The recent rally is based on false hope of more Quantitative Easing when markets should be moving on solid fundamentals like strong corporate earnings and healthy economic data.”

Mark Friedgan, Co-Founder & CIO of Eligo Energy, is in agreement with Kalayjian. “While QE may have been necessary to preserve the global economy when it began, after more than seven years of various forms of QE worldwide, it must eventually end,” Friedgan said. “The concern I have is that this end to artificial government influence on the economy will result in a day of reckoning for investors who have been chasing yield in both exchange-traded assets and private investment. The economy and markets must prove that they can survive and grow substantially without this government tailwind.”

Watch the video here Quantitative Easing