Case Study
STF Precision: Manufacturing Utility Bill Audit
Overview
STF Precision, acquired by GWS Tool Group, is a manufacturer of high-quality diamond-tipped cutting tools based in Asheville, NC. Specializing in high-tolerance, hard-to-produce cutting tools, STF operates energy-intensive manufacturing equipment that makes electricity and natural gas two of their most significant operating expenses.
STF approached UMS seeking to lower both their natural gas and electric bills through an off-site utility bill audit. UMS analysts obtained two full years of historical billing data directly from STF’s power provider and performed an in-depth analysis of every charge, rate, and rider on their accounts.
The audit uncovered two distinct savings opportunities. First, UMS identified a billing error and fought to recover three years of overpayments, securing a $20,000 refund for STF. Second, UMS negotiated a new Power Purchase Contract with STF’s power provider, locking in more favorable rates and delivering $24,500 in ongoing annual savings.
All findings required no operational changes and no capital investment. UMS continues to monitor STF’s accounts to ensure billing accuracy and the lowest possible cost structure going forward.
“After getting the results of my analysis, I could not believe how much I was being overcharged by the power company. The expertise of the UMS team is extremely valuable, and they could save your business a lot of money. I highly recommend having them perform a risk-free audit, even if you’ve had one done before – and if they do not find savings, there is no charge.”
The Facts
- STF Precision manufactures diamond-tipped cutting tools in Asheville, NC and is part of the GWS Tool Group
- STF reached out to UMS to lower their natural gas and electric bills through an off-site utility bill audit
- UMS obtained two years of historical billing data and identified a billing error resulting in a $20,000 refund for three years of overpayment
- UMS also negotiated a new Power Purchase Contract resulting in $24,500 in ongoing annual savings
- No operational changes or capital investments were required at any point