March 2009 | Page 3 of 3 | Business Facilities - Economic Development, Site Selection & Workforce Solutions

BF: When analyzing a company’s expenditures, in which utility charges can Advantage IQ find the most significant savings opportunities? RS: Focus on the areas where you have the greatest expense and hence the greatest opportunity for cost savings. If you spend the most on electricity, look closely at your electricity costs and consumption. If you have a high natural gas requirement, you may want to look more closely at your natural gas bills. Your type of business will determine where your greatest energy efficiency opportunities reside. An office building has the greatest opportunities in the areas of lighting and heating, ventilating and air conditioning. A restaurant has greater opportunity in the cooking area. A convenience store should look at the energy consumed by their freezer/refrigeration equipment. BF: What are common causes for overcharges by utility providers, and how can a company recover overpayments? RS: Meter malfunctions, being placed on a utility rate that is less than optimal, being billed for service for a facility that was closed or sold or receiving duplicate bills for the same facility or period are common errors found by Advantage IQ for our clients. Recovering utility billing errors requires that you identify the problem quickly and contact the utility provider to identify the problem as soon as possible. Comparing your monthly utility costs and consumption to prior periods is the best way to monitor your bills and identify errors. Identifying the problem prior to payment of the bill improves your chances of paying the correct amount. If you find an error after you have paid the bill, contacting the utility and documenting the error quickly will improve your chance of refund. Many utilities have limits on the amount of time for which a refund can be claimed. BF: What solutions can a company employ to reduce energy expenditures and become more sustainable? RS: Communicate with your employees about the impact energy has on the bottom line and enlist their support in cutting energy waste. Turn off lights when conference rooms, offices and restrooms are not in use and turn off office equipment when employees go home for the day. Utilizing building automation systems where available and not over-riding equipment designed to maximize energy efficiency are further ways to save. U.S. Energy Outlook In February, the U.S. Energy Information Administration announced some short-term energy outlook projections. • U.S. real gross domestic product (GDP) is expected to decline by at least 2.7% in 2009, triggering decreases in domestic energy consumption for all major fuels. Economic recovery is […]


BF: When analyzing a company’s expenditures, in which utility charges can Advantage IQ find the most significant savings opportunities? RS: Focus on the areas where you have the greatest expense and hence the greatest opportunity for cost savings. If you spend the most on electricity, look closely at your electricity costs and consumption. If you have a high natural gas requirement, you may want to look more closely at your natural gas bills. Your type of business will determine where your greatest energy efficiency opportunities reside. An office building has the greatest opportunities in the areas of lighting and heating, ventilating and air conditioning. A restaurant has greater opportunity in the cooking area. A convenience store should look at the energy consumed by their freezer/refrigeration equipment. BF: What are common causes for overcharges by utility providers, and how can a company recover overpayments? RS: Meter malfunctions, being placed on a utility rate that is less than optimal, being billed for service for a facility that was closed or sold or receiving duplicate bills for the same facility or period are common errors found by Advantage IQ for our clients. Recovering utility billing errors requires that you identify the problem quickly and contact the utility provider to identify the problem as soon as possible. Comparing your monthly utility costs and consumption to prior periods is the best way to monitor your bills and identify errors. Identifying the problem prior to payment of the bill improves your chances of paying the correct amount. If you find an error after you have paid the bill, contacting the utility and documenting the error quickly will improve your chance of refund. Many utilities have limits on the amount of time for which a refund can be claimed. BF: What solutions can a company employ to reduce energy expenditures and become more sustainable? RS: Communicate with your employees about the impact energy has on the bottom line and enlist their support in cutting energy waste. Turn off lights when conference rooms, offices and restrooms are not in use and turn off office equipment when employees go home for the day. Utilizing building automation systems where available and not over-riding equipment designed to maximize energy efficiency are further ways to save. U.S. Energy Outlook In February, the U.S. Energy Information Administration announced some short-term energy outlook projections. • U.S. real gross domestic product (GDP) is expected to decline by at least 2.7% in 2009, triggering decreases in domestic energy consumption for all major fuels. Economic recovery is […]

60 Seconds with Rick Sievertsen, VP of Client Solutions, Advantage IQ

7 years ago

60 Seconds with Rick Sievertsen, VP of Client Solutions, Advantage IQ

60 Seconds with Rick Sievertsen, VP of Client Solutions, Advantage IQ

BF: When analyzing a company’s expenditures, in which utility charges can Advantage IQ find the most significant savings opportunities? RS: Focus on the areas where you have the greatest expense and hence the greatest opportunity for cost savings. If you spend the most on electricity, look closely at your electricity costs and consumption. If you have a high natural gas requirement, you may want to look more closely at your natural gas bills. Your type of business will determine where your greatest energy efficiency opportunities reside. An office building has the greatest opportunities in the areas of lighting and heating, ventilating and air conditioning. A restaurant has greater opportunity in the cooking area. A convenience store should look at the energy consumed by their freezer/refrigeration equipment. BF: What are common causes for overcharges by utility providers, and how can a company recover overpayments? RS: Meter malfunctions, being placed on a utility rate that is less than optimal, being billed for service for a facility that was closed or sold or receiving duplicate bills for the same facility or period are common errors found by Advantage IQ for our clients. Recovering utility billing errors requires that you identify the problem quickly and contact the utility provider to identify the problem as soon as possible. Comparing your monthly utility costs and consumption to prior periods is the best way to monitor your bills and identify errors. Identifying the problem prior to payment of the bill improves your chances of paying the correct amount. If you find an error after you have paid the bill, contacting the utility and documenting the error quickly will improve your chance of refund. Many utilities have limits on the amount of time for which a refund can be claimed. BF: What solutions can a company employ to reduce energy expenditures and become more sustainable? RS: Communicate with your employees about the impact energy has on the bottom line and enlist their support in cutting energy waste. Turn off lights when conference rooms, offices and restrooms are not in use and turn off office equipment when employees go home for the day. Utilizing building automation systems where available and not over-riding equipment designed to maximize energy efficiency are further ways to save. U.S. Energy Outlook In February, the U.S. Energy Information Administration announced some short-term energy outlook projections. • U.S. real gross domestic product (GDP) is expected to decline by at least 2.7% in 2009, triggering decreases in domestic energy consumption for all major fuels. Economic recovery is […]