Our Energy Data Management services strive to deliver complete and accurate information and cost savings to you. In our experience, effective energy data management has extensive benefits within your organization, including:
- Better-informed energy efficiency decisions,
- Profit improvements through more accurate utility costs and a cost-effective outsourcing, and
- Improved capabilities in terms of procurement rate and tariff discussions.
We recognize that energy costs are not like many other costs of doing business. By their very nature, energy costs are much less tangible or tactile. The simple matter of pricing energy consumption is not simple.
Our Energy Data Management process consists of 4 separate but interconnected steps:
- Data Collection,
- Utility Rate Analysis,
- Invoice Validation, and
- Analysis and Reporting.
It is worth noting that every client receives a custom solution proposal, and we are not affiliated with any metering or software vendors.
We start with the often-repeated quote from Peter Drucker – “What gets measured gets managed”. It is often repackaged to suggest that the operative interpretation for our energy management industry is simply to dictate that data has to be measured before it can be managed. Which is good enough – but this misses the substance of what Drucker was really highlighting. In the full context of what he was saying, it is critical to business leaders that, given the scarce resources that will be poured into any analysis, it is imperative that only the right things be measured. Our experience and expertise allows us to come at this from both ends – and capture the right data for the right analysis.
1. Data Collection
We start with the construction of a database that captures all of your locations, suppliers, costs and usage data on an historic basis. This is where we are able to grab your energy costs and usage at their most granular, essentially the building blocks upon which everything else is built. You already know this – utility companies all have their own unique approach to their billing practices, making sensible comparisons of energy data difficult. We take everything back to “apples–to-apples” where we can discern the patterns you need.
2. Utility Rate Analysis
We use our experience to identify opportunities for you to access better utility rates. We review such things as:
- load shifting and demand response,
- load profiles and energy use patterns,
- third party supply alternatives,
- interruptible rate options, and
- hidden or avoidable charges due to system inefficiencies embedded in your processes.
All of these factors are among those that each utility assesses in setting its rates. Each utility has its unique model and you need us to facilitate your rate optimization. Our experience allows us to focus in on the relationship between outdoor temperatures, for example, and your energy consumption, yielding useful analytics.
3. Invoice Validation
Based on our experience, it is inevitable that you will be the subject of utility supplier mistakes on their invoices. These can be simple rate errors, quantity errors, duplicate billings, discount errors, missed invoices triggering late penalty errors, and even erroneous shut-off notifications. All of which will have negative consequences for you both financially and operationally.
There is a certain irony, in our experience, in that energy invoices are often subject to a less intense scrutiny in the accounting department. This is notwithstanding the relative volatility and complexity of these invoices. Our analysts follow a robust process to identify – and correct – invoice errors. We not only save you money, we save you time. We also seize on errors to generate a dialogue with that utility to proactively reduce the chance of any repeats. Or you can look at this as providing you with an assessment of the performance of your suppliers.
4. Analysis and Reporting
This is why you will want to do Energy Data Management. While saving the money embedded in billing errors is good, the real energy savings for you come from a rigorous analysis of your spending – and having that set out clearly in the right reports. We have the experience to do the analytics on your granular energy data, starting with historical and moving through to current data. We have the experience to know what to put in your reports, and nothing more. We deliver:
- Information facilitating proactive, or preventative, rather than reactive decisions,
- Reporting Scorecards built around your KPIs
- Accounting entries that you need to integrate energy costs into your full financial system,
- Reliable budgets, Emissions reporting if and when needed,
- Credible inputs to ISO 50001,
- Facility allocations, and
- Load profiles.