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.
Sum up your building benchmarking outcomes. You should consider comparing different buildings to take note of their energy plans. Energy usage can be calculated according to the thermal units at every square foot. It can also be done at the amount incurred in every square foot. This procedure helps in singling out rooms and buildings that are consuming a lot of energy more than expected.
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.
Conduct a weather normalization. The weather can also make a significant impact on your bills. Weather normalization works by comparing the total usage of a year based on the amount that could have been used and the amount that you used in a particular year. The amount that could have been used is usually the costs that were incurred before you started the energy efficiency program.
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.
Check the kind of decisions you are making. You are expected to consider a couple of aspects to reduce your utility costs. You need to change your traditional metering devices with new ones which are cost effective. You should also keep track of your costs to have an accurate record of your expenses.
Sum up your building benchmarking outcomes. You should consider comparing different buildings to take note of their energy plans. Energy usage can be calculated according to the thermal units at every square foot. It can also be done at the amount incurred in every square foot. This procedure helps in singling out rooms and buildings that are consuming a lot of energy more than expected.
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.
Conduct a weather normalization. The weather can also make a significant impact on your bills. Weather normalization works by comparing the total usage of a year based on the amount that could have been used and the amount that you used in a particular year. The amount that could have been used is usually the costs that were incurred before you started the energy efficiency program.
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.
Check the kind of decisions you are making. You are expected to consider a couple of aspects to reduce your utility costs. You need to change your traditional metering devices with new ones which are cost effective. You should also keep track of your costs to have an accurate record of your expenses.
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