For a business owner, there are few things worse than paying money for nothing.
There is no reason a misapplied utility rate code should cost you a single penny. And this is why you need a utility audit to look at all aspects of your utility bills and find all errors and overcharges.
Here are some things you should keep in mind when choosing a company to perform a utility bill audit:
Expertise – When you select an auditor you want a company that has been around awhile. Experience is key, but you also want them to be completely up to date on code and rate changes for different utilities. A competent utility auditor should be able to identify all errors and overcharges on your utility bill and make sure you get a refund for money already spent and that you are being charged correctly in the future.
Aggressive negotiation – Not all utility companies are the same. Some can be an impenetrable labyrinth of bureaucracy and red-tape. Some of this is by design, but a good utility audit company will be able to follow your claim from start to finish without getting lost.
Utility cost reduction – The audit process is far more than finding money that is owed to you. The real icing on the cake that a good utility bill auditor will portray is making sure these billing errors don’t continue to take money out of your pocket.
Results – Don’t be afraid to ask a utility audit company for proof of past successes. A superficial audit may find savings of a dollar or two, but superior audits get granular and look at inequities in every possible transaction.
No risk – If a utility audit company asks you for money upfront, the first thing you should do is head out the door. The bottom line is with a utility audit, there should be absolutely no upfront cost. Any fees they earn should come out of a client’s savings. And if no savings are found the service should be free.
Finding a competent utility audit company to identify and correct errors on your utility bills sounds like a simple task. However, you should really do your homework and find a trusted company with the longevity and proven results necessary to make sure you get the maximum possible utility refund and that errors don’t inflate your future utility expenses.