energy costing auditing

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Energy Cost Auditing We know how complex the world of retrospective billing audit is. Could your business benefit?

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Energy Cost AuditingWe know how complex the world of retrospective billing audit is.Could your business benefit?

Businesses have seen a considerable rise in utility charges and it is essential to ensure your costs are in line with market trends. Can you free up any funds to reinvest in your business and help it grow?

The emphasis on procurement is paramount to the bottom line; however these markets have become increasingly volatile commodities and therefore the responsibility to deliver the most economical rate at the right time often leads to irregularities in other areas.

These markets have undergone substantial transformations, with the emphasis being on the delivered price – resulting in various elements of the supply chain being catastrophically overlooked. This has led to an increased growth of anomalies within the suppliers billing platform which in most cases will not be visible to you, the end user.

Energy Cost AuditingWe know how complex the world of retrospective billing audit is. Could your business benefit?

What We DoOur Energy Cost Audit team specialise in auditing the historical element of your electricity providers supply chain for incorrect costs. Our aim is to ensure that your business has only paid for the utility services you have used. Industry practise allows us to analyse the past six years of billing data to establish if communication between suppliers has been in accordance with the charges raised.

From our experience, all suppliers are billing erroneously. We can therefore look to deliver significant refund opportunities and on-going cost savings to you from the audit we will conduct.

The errors we find are traditionally not system driven or things you can identify yourselves as they are more analytical and further up the supply chain. Our Energy Cost Audit service compliments the work that is already being conducted in-house.

“one in every five of the accounts we analyse result in billing errors”

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BenefitsWe operate in a unique utility recovery audit arena, and offer a win-win service to you and your business.

we only focus on telecommunications, energy and water

there will be no upfront cost to your business – we are incentivised by the results we deliver

the process will be fully managed by our team from end to end

experienced and knowledgeable team with a minimum tenure of 14 years expertise

our senior consultants have delivered in excess of 1,300 audits and are proficient in all industry sectors

Case Studies

£550,000of refunds and savings generated from a review of electricity charges for one of the UK’s leading telecommunication and mobile providers

£650,000of refunds and savings identified from an electricity billing audit for one of the UK’s largest and most successful consumer good companies

£350,000refund achieved for one of the largest high street fashion retailers following an audit of their electricity bill

Meet The TeamWe are a leading specialist in large-value refund identification and recovery, with each member of the team having a minimum tenure of 14 years expertise in their field. Our senior consultants have delivered in excess of 1,300 audits and are proficient in all industry sectors.

If you would like to find out more about our services please contact one of our dedicated specialists below:

© 2015 Grant Thornton UK LLP. All rights reserved.

‘Grant Thornton’ refers to the brand under which the Grant Thornton member firms provide assurance, tax and advisory services to their clients and/or refers to one or more member firms, as the context requires. Grant Thornton UK LLP is a member firm of Grant Thornton International Ltd (GTIL). GTIL and the member firms are not a worldwide partnership. GTIL and each member firm is a separate legal entity. Services are delivered by the member firms. GTIL does not provide services to clients. GTIL and its member firms are not agents of, and do not obligate, one another and are not liable for one another’s acts or omissions. This publication has been prepared only as a guide. No responsibility can be accepted by us for loss occasioned to any person acting or refraining from acting as a result of any material in this publication.

grant-thornton.co.ukV24798

Mike HodgsonE [email protected] 0161 214 6384 / 07742 604807

Neal EllisE [email protected] 0161 214 6386 / 07742 604806