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.