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Energy Cost Auditing
We 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 Auditing
We know how complex the world of
retrospective billing audit is.
Could your business benefit?
What We Do
Our 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”
+
–
+
–
+
–
Benefits
We 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
£550,000
of refunds and savings
generated from a review
of electricity charges for
one of the UK’s leading
telecommunication and
mobile providers
£650,000
of refunds and savings
identified from an electricity
billing audit for one of the
UK’s largest and most
successful consumer good
companies
£350,000
refund achieved for one of the
largest high street fashion
retailers following an audit of
their electricity bill
Meet The Team
We 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.uk
V24798
Mike Hodgson
E mike.d.roberts-hodgson@uk.gt.com
T 0161 214 6384 / 07742 604807
Neal Ellis
E neal.ellis@uk.gt.com
T 0161 214 6386 / 07742 604806

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Energy Costing Auditing

  • 1. Energy Cost Auditing We know how complex the world of retrospective billing audit is. Could your business benefit?
  • 2. 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 Auditing We know how complex the world of retrospective billing audit is. Could your business benefit? What We Do Our 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”
  • 3. + – + – + – Benefits We 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 £550,000 of refunds and savings generated from a review of electricity charges for one of the UK’s leading telecommunication and mobile providers £650,000 of refunds and savings identified from an electricity billing audit for one of the UK’s largest and most successful consumer good companies £350,000 refund achieved for one of the largest high street fashion retailers following an audit of their electricity bill
  • 4. Meet The Team We 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.uk V24798 Mike Hodgson E mike.d.roberts-hodgson@uk.gt.com T 0161 214 6384 / 07742 604807 Neal Ellis E neal.ellis@uk.gt.com T 0161 214 6386 / 07742 604806