Energy bills can often be very detailed and complex in their make-up and it is not uncommon for administrative mistakes to be made in the billing process. Industry-wide research has found that as many as one in five invoices are inaccurate.
Mistakes can occur for a variety of reasons – from an IT glitch to wrongly inputted data or the bill being based on the wrong tariff – but the important thing is to address them as soon as possible.
At Energy Management, we estimate that a business can be overcharged by as much as 3 to 5% of the overall bill if these errors continue to go undetected. Depending on the size of the business concerned and the number of sites being supplied with energy, this could run into tens of thousands of pounds.
If time is in short supply or there isn’t the necessary in-house expertise to validate energy bills, a reputable energy consultant will be able to offer this service for you.
The return on investment is obviously dependent on the nature and the frequency of errors made at the supplier’s end, but there is scope to make significant savings.
As your energy management partner, we will check the accuracy of every invoice against known consumption data and create an itemised validation report.
We will then work with the relevant energy supplier(s) to resolve any anomalies and keep the client updated throughout the whole process.