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.
Conduct a load factor examination. The factor analysis is a ratio of the average demand and the cost of your metered demand over a particular period. It ranges between zero to a hundred percent or between zero and one. A ratio that is above seventy-five percent or 0.75 explains a high load factor.
Evaluate the load factor summation. High load factors are achieved when household devices in a particular building are not switched off during the night and the usage during the peak period is low. Low load factors are common in buildings that most equipment is turned off during much of the day. You can identify a building that yields the highest energy efficiency payoffs and resolves your scheduling and metering issues.
Use a weather normalization process. The weather can affect your bills altogether. One should adopt a normalization procedure based on weather trends. A comparison of the basic consumption and the average consumption during a particular moment is made with the actual rating. This will provide an insight into the trends of a given period that you can relate to.
Consider the costs that are incurred in your water usage. You can also incur a lot of costs through your water bills. Take note of charges that are incurred through basic payment, meter charges, sewer charges, and consumption. One of the highest contributors to high charges is the size of your meter. Large meters consume a lot of charges compared with small ones. Other costs incurred include water that is lost through sewers apart from home usage.
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.
Conduct a load factor examination. The factor analysis is a ratio of the average demand and the cost of your metered demand over a particular period. It ranges between zero to a hundred percent or between zero and one. A ratio that is above seventy-five percent or 0.75 explains a high load factor.
Evaluate the load factor summation. High load factors are achieved when household devices in a particular building are not switched off during the night and the usage during the peak period is low. Low load factors are common in buildings that most equipment is turned off during much of the day. You can identify a building that yields the highest energy efficiency payoffs and resolves your scheduling and metering issues.
Use a weather normalization process. The weather can affect your bills altogether. One should adopt a normalization procedure based on weather trends. A comparison of the basic consumption and the average consumption during a particular moment is made with the actual rating. This will provide an insight into the trends of a given period that you can relate to.
Consider the costs that are incurred in your water usage. You can also incur a lot of costs through your water bills. Take note of charges that are incurred through basic payment, meter charges, sewer charges, and consumption. One of the highest contributors to high charges is the size of your meter. Large meters consume a lot of charges compared with small ones. Other costs incurred include water that is lost through sewers apart from home usage.
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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