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There are billions of dollars in utility savings available for savvy customers with access to the critical data. And the most convenient and cost effective way to assemble that billion-dollar data mine is through systems powered by Cass Information Systems.
In 2001, more than $184 billion was spent by commercial and industrial customers on electric and natural gas consumption.* With professional proactive demand and supply side management programs routinely achieving savings of 2-5% of spend, that's $3 billion to $9 billion in potential savings! Money that flows right to the bottom-line to improve corporate profitability and shareholder value.
The main savings opportunities fall in five different categories:
Competitive Shopping in Open States
Once the right information is collected from your bills, your consumption and demand profiles become the key to successful price negotiation in deregulated markets. It is not only how much you use, but when you use it. The more desirable your profile is, the more savings are available. The time to start compiling that information is now.
Right Rate Optimization
Determining whether or not you are on the right rate is an art. Your sites may qualify for a dozen rate schedules, but only one is the best one for you. Do you contract individually or amalgamate multiple sites for a better rate? Does a peak demand load shedding program allow you to qualify for a more advantageous rate? Are you going to allow the utility to help you decide? Cass' energy service partners are managing $billions of spend, why not let them guide you through the choices?
Bill Auditing
The first place to find savings is on the bill itself. Has the utility correctly applied your existing rate? Is consumption reasonable, given you past history? Are the meter readings within expected parameters? Have prior payment been applied correctly or have late fees been incorrectly assessed? For significant savings - look to the invoices.
Demand Side Management
With the information provided by Cass, you will have a wealth of new information from which to manage. Manage site personnel for compliance with existing energy conservation strategies by using monthly, weather mormalization consumption. Benchmark usage across states, regions or store concepts. develop an intelligent lighting or HVAC maintenance or replacement strategy, and have solid information to develop ROI models and track performance. We have a wealth of energy partners that have proven track records in demand side projects.
Accounts Payable Savings
When it comes to judging how much it costs to pay a bill, many just consider the labor cost of an accounts payable clerk. Yet most studies confirm that direct labor is only 30-40% of the total cost of paying a bill. Follow this link to help you analyze the true costs. How much does it cost to pay a utility bill?
*source: Energy Information Administration
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