What is a Utility Bill Analysis?
A utility bill analysis provides the decision-making data needed for energy consumers to select what pricing options are best for their operations. Investor-owned utilities (IOUs) are for-profit entities, which means they need to generate returns for their shareholders, often translating to increased costs for the residents and businesses they serve. Despite this, many IOUs offer a range of rate options for consumers. By leveraging these options and with the right support, consumers can have more control over their monthly utility expenses. This is where a utility bill analysis becomes essential.
Utility Bill Analysis Definition
A utility bill analysis analyzes all potential rate options available to find the best pricing for you based on your organization’s unique operating characteristics. It is also a review of past billing information to uncover errors and overcharges.
Uncovering Savings Made Easy for You
When working with an energy partner like UMS to complete these analyses, you can uncover savings without making any changes to operations and without requiring any onsite audits. Additionally, there are no upfront costs to have one completed, making them even more advantageous.
In short, a utility bill analysis is the process of analyzing historical billing data to find errors and overcharges all while securing more optimal pricing plans.
Learn more by reading our services page. To learn more about investor-owned utilities, check out this article here by Carbon Collective.
