Tuesday, November 6, 2018

Factors To Consider In Utility Rate Analysis NY

By Amanda Foster


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.

Consider doing a building benchmarking summation. It is recommendable to compare different buildings to acknowledge different energy plans. This can be done by calculating the cost incurred per square feet or the thermal rate per square feet. You can use this process to single out a particular room in a house to determine its total costs.

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.

Evaluate the results acquired from the load factor examination. Buildings with a high low load factor usually have household devices that are not switched off during the peak season. A low load factor is achieved if household items are switched off during the peak hours. This is common with elementary schools which do not run during the peak hours. Look for a building with the highest efficiency to resolve your metering and scheduling problems.

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.

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.

Rely on an analysis company. Choosing an analysis company for this task is reasonable since it offers accurate information and reliable recommendations as well. Look for a firm that has enough resources required for this procedure. It should have a reputation for providing timely outcomes and reliable recommendations that do not incur a lot of costs. Besides that, the company should have affordable rates.

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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