If you're working to an energy budget but struggling to calculate it, we can help.
Accurate budget forecasting
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 EIC, 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.
We have 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 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 and published charges 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.
Why choose EIC?
Our Data Solutions team has over 70 years combined experience working exclusively in the highly specialised area of data management and utility billing services. The team will:
- Take care of the complexities associated with Budget Forecasting to ease your burden
- Relieve your workload by delivering valuable information for your business that can aid your financial planning
- Provide peace of mind that the experts are looking after this
- Help you deliver accurate reports to senior management
- Help you get the right energy tariff for your business, ensuring you pay the best price for your gas and electricity
- Provide a wide range of energy saving solutions to help reduce your gas, electricity and water consumption
Accurate budget forecasting is a business essential