Energy budgets and energy price forecasts are challenging to calculate due to the various rates and charges required in order to build up a budget cost. At Utilitywise, we are able to calculate budgets for each of your sites using historical consumption, your energy suppliers contract and published charges to ensure that these are as accurate as possible.
Utilitywise has the expertise to assist with cost and consumption budget reporting. We create a monthly budget for each site calculated from your previous year’s consumption and your new contract rates. Our team also provides you with a report detailing your performance against budget, both financial and consumption on a monthly and cumulative year to date basis. Bespoke reporting based on specific parameters can also be produced or alternatively your own budgets can be incorporated into our reporting.
A complementary service to gas, electricity and energy price forecast and Budget Forecasting is our Accruals Reporting. The Data Solutions Analysts calculate the consumption for the period for each site using a portion of actual consumption and an estimate for the remaining part of the period. Costs are calculated using the current contracted charges (the rates agreed within the contract e.g. unit rates, standing charge, flexible charging etc) and published charges (charges set at a national level such as DUoS charges, water rates, Climate Charge Levy etc) and rates applied to the consumption calculated for that month. We are also able to adopt the Accruals calculation methodology that your company may use internally if required.
Our Data Solutions team has over 68 years combined experience working exclusively in the highly specialised area of data management and utility billing services.
The team will:
Accurate budget forecasting is a business essential. Find out how we can help.
If you have any questions or would like us to get in touch, please contact the Utilitywise team using the form below.