Most buildings incur utility bills more than their expectations due to errors in metering and irregular energy and water usage. Utility rate analysis is usually confused with the energy unit which involves auditing your total costs incurred and making adjustments that can affect your lifestyle. With the utility cost examination, you do not have to change your lifestyle, but you will come up with a reliable cost saving plan. The following are factors to consider in utility rate analysis NY.
Conduct a building benchmarking summation. This process simply involves comparing different buildings to determine their energy management procedures compared with their usage. The comparison is made at a dollar per square feet or a kilo British thermal unit per square feet. It can also help in singling out a particular room that is consuming a lot of energy compared with others.
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.
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.
Beware of the decision you make. There are diverse things to consider to make this consideration successful. Start with changing your traditional meters to modern ones which are efficient and easy to track your costs. You should also take note of your monthly meter reading for comparison and use power strips to save phantom bills.
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