Budgeting & Tracking

Accurate budgets are a necessity.

In the past, energy budgeting was a simple affair – increase last year’s annual cost by some agreed percentage and job done. For many years this simple (albeit inexact) approach yielded good enough results to satisfy most businesses’ financial requirements. Market deregulation and rising price volatility have rendered this approach obsolete. As a business’s sourcing and risk management strategies become more complex, so do its budgeting and tracking. To help businesses meet this challenge, NUS provides Budgeting and Variance Tracking services. We start the process by modeling your energy consumption – reviewing past consumption levels and making operational and non-operational adjustments. The projected consumption is applied to your adjusted tariffs, hedged commodity purchases, open market positions as well as other applicable ancillary charges. In short, NUS constructs an annual forecast of your total energy costs. Once we have constructed your annual budget, we track your progress on a month-by-month basis and highlight cost variances, identifying their source – consumption, unit price or other charge item.

Build

Build

Using your site's historic profile, local weather data, current purchasing arrangements, price forecast and projected operating variations, we build you a detailed budget.
View

View

Once your budget has been built, we track different components against actual invoice data as it is processed. You will know when you are under or over budget and why.
Adapt

Adapt

Knowledge is power. Knowing you are outside of your budget envelope and why, on a current basis, allows you to take timely corrective action.