Utility Budget Process
We provide annual budget costs for any electricity, gas and water supplies we manage for your properties and portfolios, as part of our Utility Bureau Service. These are based on your actual consumption data, with adjustments for any expected changes in consumption.
We calculate costs based on any contracts in place for the budget period, and if there are any periods where contracts are not yet arranged we’ll predict future contract rates based on our expert knowledge of the wholesale energy markets and changes in industry costs.
The budgets are fully inclusive of all costs relating to your utilities – for example this includes Meter Operator contracts for Half Hourly metered electricity supplies, as well as any consultancy fees. For any tenanted buildings we can provide a split of landlord and tenant costs.
There are huge benefits to having accurate, clear utilities budgets – for landlords this means that suitable amounts are recovered from tenants and they don’t find themselves in the situation of not having the funds to pay supplier invoices, or diverting funds from elsewhere. For other businesses an accurate budget allows them to confidently forecast cost and enables spending and investment in other areas of their business, without the risk of being ‘caught out’ by unexpected bills.