No business can be too careful when it comes to managing overhead costs… especially when those costs relate to utility expenses. There are upwards of 100+ factors that affect utility billsand some industry estimates and studies report that as many as 70% of businesses are being overcharged by utility companies due to any number of these factors. The three biggest culprits are:
Faulty Meter Equipment
Unfortunately, one of the only ways to notice a faulty meter is to know how the meter used to behave. A sudden increase or decrease in usage reflected on your bill with no external factors to attribute it to are a good indication of your meter not working properly. Even if the bill is your favor, be sure to have the faulty meter replaced immediately in order to avoid being charged a very large lump sum in the future. Conversely, if you’ve been overpaying, the utility company is required to give you a refund. is if you receive a utility bill that is much higher or much lower than what you’ve come to expect. Unfortunately, in either case, both parties must accept the results.
Incorrect Rate Class
A rate class is designed to categorize users by the amount of energy they use. If you are in a “small use” rate class, but use a lot of energy, then you’ll be paying much more than necessary. It is not the responsibility of the utility company to place their customers in the appropriate rate class, and therefore, they often do not bother to check.
Never give an energy supplier a reason to estimate your rates. If you are lumped in with a number of other businesses, especially if those other businesses are less energy efficient, there is a good chance that you are being overcharged. Suppliers are certainly not known for estimating low.
If your energy supplier doesn’t use smart meters for tracking individual customer usage, you may be permitted to submit your own meter readings. Contact a Utility Bill Auditor to assess the situation and possibly secure you a refund from your energy supplier.