Energy Invoice Validation: Avoid Paying More Than You Should
- Author Shea Karssing
- Published July 3, 2018
- Word count 371
Energy invoice validation can prevent your business from paying more on energy than you should be. Even though an extra 3-5% every month may not sound like a huge amount of money, any unnecessary overspend should be avoided. And with the rising price of electricity in the UK (estimated to rise by over 30% by 2025), organisations should look to save on energy wherever they can.
This is why energy invoice validation should be part of your business’ overall energy management strategy.
How do energy suppliers get it wrong?
When you conduct a thorough energy invoice validation, you may be surprised to find a number of inaccuracies in your energy bill. Why is this the case?
Suppliers regularly use estimated billing instead of accurate meter readings, especially if you don’t submit your own meter readings consistently.
There may be faults with the meter that you or your energy supplier haven’t picked up.
You supplier has applied your tariffs incorrectly
They haven’t accounted for relevant VAT reductions and other applicable discounts.
Customers overcharged by £102 million
Recent research found that 40% of homes in the UK have been overcharged by their energy suppliers and are now owed a collective £1.3 billion.
Each home in credit could reclaim an average of £121 from suppliers.
25% of customers said that their energy bills didn’t add up correctly.
30% were charged for an amount that does not match their meter readings.
How to ensure that you only pay what you should
Analyse each line item on your energy bill – standing charges, meter charges, levies, adjustments etc.
Submit regular meter readings to your energy supplier.
Cross-reference your contract rates against your invoices.
Conduct ongoing energy invoice validation or have a third-party company assist you with this.
Energy invoice validation made simple
Energy invoice validation is core to an effective energy strategy, but the process of cross-checking every complex invoice against contracts and meter readings is time-consuming and admin-heavy.
This is why so many companies who wish to avoid overpaying on their gas and electricity bills used the energy invoice validation services from a professional energy broker.
An expert energy broker will:
Validate invoices
Analyse energy usage and costs
Help you to recover past overcharges.
Accurately scrutinise past and present invoices
https://smarterbusiness.co.uk/. Smarter Business is one of the UK’s leading independent consultancies, helping businesses secure the most comprehensive savings solutions from utilities contract management and procurement to business loans and facilities maintenance.
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- Nerds and Geeks: They still live on!
- IQ Tests: History, Uses, and Choosing a Reliable Resource
- 8 Great Ways To Teach Kids About Oral Hygiene
- App Development as a Catalyst for Business Growth
- Costs of arranging a Mortgage in Spain
- TikTok and Instagram: Ways you will grow and learn.
- Mustang GT: Ford Motor Company is a Rising Force!
- 10 Ways to Transform Production Scheduling in Business Central
- Elevating Your Home with Bold Decor and Vintage Carved Doors
- The Ultimate Skin Care Guide for Every Weather
- Do I Need Insurance When I Rent a Boat?
- Casino Bonuses: How to Maximize Your Rewards and Enhance Your Gameplay
- Was Joseph Stalin a good or bad leader of the Soviet Union?
- Top 5 Slots with the Highest RTP: A Winning Guarantee or a Myth?
- The Thrill of the Hunt Discovering the World of Location-Based Entertainment
- How Much Is the Hermès Cleaning Fee?
- Does Hermès Offer Free Repairs?
- The history of gun control in Australia
- Digital Marketing
- How to Mix and Match: Tips for Building Versatile Outfits from Your Wardrobe
- The Significance of Commercial Cleaning Services in Auckland: A Key Element of the Modern Cleaning Industry
- How RTP Impacts Online Casino Gaming: A Guide for Players and Operators
- How Authentic Employee Reviews Boost Employer Branding
- How to Choose the Best Online Casino: 5 Simple Steps
- Guaranteed Auto Financing
- Transform The Mudroom for The Festive Season
- Rustic Thanksgiving Ambiance with Farmhouse-inspired Doors
- Master the Art of Gamification with Our Engaging App
- Some reflections about leveraging GenAI at scale within IT departments
- Why SureSIM Global is a Revolution in the Business Travel Industry