Utility rate analysis involves analyzing your bills to uncover errors and different rate options that can reduce your total costs without changing your lifestyle. Computer errors and other related factors usually cause cases of overcharges. It is recommendable for a building owner to conduct a utility analysis NY to reduce the total costs incurred. Below are considerations to make in utility rate analysis NY to acknowledge.
Conduct a building benchmarking summation. This process simply involves comparing different buildings to determine their energy management procedures compared with their usage. The comparison is made at a dollar per square feet or a kilo British thermal unit per square feet. It can also help in singling out a particular room that is consuming a lot of energy compared with others.
Evaluate the load factor in your building. The load factor of a particular building is a ratio of the energy that is consumed at a specific period and the average consumption in a given duration. The ratio can be measured from zero to one or in percentage. The calculation is based on total consumption in a given duration particularly a year or a month.
Examine your load factor results. High load factors are achieved when it goes beyond seventy-five percent or 0.75 in the zero to one scale. It implies that there has been high energy load during the peak season. A low load factor is acquired when the rates fall beyond fifty percent or 0.75. It implies that most consumption is made during the off-peak season, especially during the day.
Check the weather normalization procedure. The weather plays a major role in your bills. The examination is done through comparison of your basic energy rating and the cost that you could have incurred during a particular period. The basic costs are calculated during the period before you started implementing the energy efficiency program.
Make a water bill adjustment. Water bills are also part of your utility energy examination. You should take note of the basic charges, consumption charges, meter charges, and the sewer. The meter charges might change according to the size of the meter. The bigger it is, the higher the meter charges. Other charges that might be incurred include water that is leaving the facility to the sewer other than the sanitary sewer. They might add up to the total sewer charges.
Choose the right analysis company. There are a couple of companies that are specialized in analyzing utility bills that you can choose from. Look for a company that has been in this industry for quite a long duration and has established a remarkable reputation. Besides that, check whether it has enough resources required to handle the task and complete it on time.
Make the right adjustments. The analysis company is expected to recommend a couple of steps that one should take into consideration. This includes switching off most items when they are not required, adopting state of the art metering devices and monitoring your energy and water usage every month. You should also buy a power strip to take control of phantom bills.
Conduct a building benchmarking summation. This process simply involves comparing different buildings to determine their energy management procedures compared with their usage. The comparison is made at a dollar per square feet or a kilo British thermal unit per square feet. It can also help in singling out a particular room that is consuming a lot of energy compared with others.
Evaluate the load factor in your building. The load factor of a particular building is a ratio of the energy that is consumed at a specific period and the average consumption in a given duration. The ratio can be measured from zero to one or in percentage. The calculation is based on total consumption in a given duration particularly a year or a month.
Examine your load factor results. High load factors are achieved when it goes beyond seventy-five percent or 0.75 in the zero to one scale. It implies that there has been high energy load during the peak season. A low load factor is acquired when the rates fall beyond fifty percent or 0.75. It implies that most consumption is made during the off-peak season, especially during the day.
Check the weather normalization procedure. The weather plays a major role in your bills. The examination is done through comparison of your basic energy rating and the cost that you could have incurred during a particular period. The basic costs are calculated during the period before you started implementing the energy efficiency program.
Make a water bill adjustment. Water bills are also part of your utility energy examination. You should take note of the basic charges, consumption charges, meter charges, and the sewer. The meter charges might change according to the size of the meter. The bigger it is, the higher the meter charges. Other charges that might be incurred include water that is leaving the facility to the sewer other than the sanitary sewer. They might add up to the total sewer charges.
Choose the right analysis company. There are a couple of companies that are specialized in analyzing utility bills that you can choose from. Look for a company that has been in this industry for quite a long duration and has established a remarkable reputation. Besides that, check whether it has enough resources required to handle the task and complete it on time.
Make the right adjustments. The analysis company is expected to recommend a couple of steps that one should take into consideration. This includes switching off most items when they are not required, adopting state of the art metering devices and monitoring your energy and water usage every month. You should also buy a power strip to take control of phantom bills.
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