MBA - Monthly Bill Audit
At the request of many clients, Prospect Resources is happy to introduce a new service - the MBA - Monthly Bill Audit. The purpose of this audit is to examine actual usage, to verify all the details in the supplier and utility bills, and to compare usage and expenditures to the energy budget (provided by PRI).
Usage Review
PRI analyzes actual usage as compared to expected usage. The expected usage is based on average historical usage that is adjusted by current weather conditions. The standard measure of "Degree Days" (the variance of average daily temperature from 65 degrees) is used to determine the expected usage.
Bill Review
PRI will verify that the charges on the bills are consistent with the supplier contracts and prevailing rates for both the Supplier and Utility.
The following items are verified:
- Hedged Energy actual costs are compared to contracted price.
- Unhedged energy is verified by comparing it to the prevailing market rate.
- Non-energy charges and volumes are compared to contract and prevailing rates
- Utility charges are compared against PRI's utility calculator to verify that the charges are in line with prevailing rates.
- Taxes are compared against PRI's tax calculator and we verify that the charges are correct
- Total charges from utility and supplier is compared to PRI's calculated charges And verified for accuracy
Budget Comparison
After confirmation of the accuracy of the bills, we provide a comparison of actual usage and charges to the budgeted numbers prepared during the previous year. The comparison is done on a month-by-month basis as well as on cumulative-to-date basis.
The monthly audit will provide end-users with accurate and up to date information regarding their electricity expenditures.