Forensic energy cost audits
Your billing analysed at forensic level for your financial health
The role of non-commodity charges continues to grow in your utility billing, but their impact depends on your portfolio. How can you make sure you are charged correctly?
Complex and nuanced data and charging structures surround the final figure on your bill. Errors can happen for many reasons, including incorrect meter readings, third-party charges and supply contract applications.
What is a Forensic Energy Cost Audit?
This is not a bill validation service. While bill validation checks your billing against contracted rates, our Forensic Energy Cost Audit scrutinises your billing to ensure the non-commodity rates applied to your contract have been correct to begin with.
This is why you can still benefit from a Forensic Energy Cost Audit even if you use a bill validation service. Not only can past errors be identified, but you can also continue to benefit from ongoing savings.
No other audit service digs deeper. In fact, 85% of our recoveries are from second or third pass audits, where one or two other consultancies have already analysed a client’s utility billing.
How does it work?
First, we collect all relevant data from suppliers, network operators and other third parties.
Our experts will then analyse your past and present invoices line by line to pinpoint all cost recovery opportunities, undercharges and ongoing savings.
We will then share our findings to allow you to make informed decisions about the next steps.
We can then handle any refunds from suppliers and third parties on your behalf. Refund opportunities can be pursued in line with the statute of limitations, which allows historical recovery of errors for up to six years prior in England and Wales, or five in Scotland.
Our approach takes away the hassle from you – we’ll do the work.
Nothing to lose – everything to gain
A Forensic Energy Cost Audit is a financial due diligence exercise, which holds no risk to you.
Our service operates on a share of savings basis, so if we find nothing, there is no fee.
Your worst outcome is a clean bill of financial health – knowing you are being billed correctly for your electricity and gas.
In summary, our audit service is:
- Self-funding and zero-risk.
- Available to public and private sector organisations alike.
- A worthwhile due diligence exercise to give you a clean bill of financial health.
- No impact to your workload – we’ll do the work for you.
Get in touch
Talk to our experts to start recovering billing overpayments and refunds today.