(PRWEB) November 4, 2010
TEAM, the largest outsourced Energy Bureau Service provider in the UK, identified in a recent survey of nearly 200,000 utility bills that billing errors are costing organisations hundreds of thousands of pounds a year.
The Survey found that on average, companies can recover 3.5% of their utility costs simply by checking and scrutinising their bills.
TEAM's Managing Director, Paul Martin, commented:
"If we take just the public sector with an estimated utility bill of between £3.8 and £4.2 billion, a 3.5% saving could take around £147 million off the public sector deficit. That amounts to around 3,000 public sector jobs.”
He went on to say:
“The public and private sectors could be throwing millions of pounds down the drain by not checking utility bills properly. Utility bills are a rich source of information but are complex and difficult to understand for most organisations. The first place to look for energy cost savings is the bills. Not only can organisations benefit from reducing ongoing costs, but they could also find a nice windfall from historical overcharging.”
The survey identified that the worst culprits were the gas companies where 6.0% recoveries could be made then followed by water at 4.1% and electricity at 2.8%.
Viki Thurgood, TEAM Bureau Services Manager said:
“Consumers in general have been confused by energy companies’ billing and the numerous tariffs. Many of them are totally unaware of the saving that companies like ours can make for them. A typical London Local Authority for instance could save £413,000 per year, and in times like today, this can make a real difference to the bottom line."
The survey article and results can be downloaded at http://www.teamenergy.com/2010/10/28/utility-billing-survey
The survey was conducted using 193,603 utility invoices over a 12 months period in 2009 with both public and private sector organisations including. Central Government, Local Government, Police, Fire, Education, Health Authorities, Telecoms, Property Management, Rail, Housing Associations and Charities.
Notes to Editors:
For further information or photographs please contact:
Andrea Shoel - TEAM (Energy Auditing Agency) Ltd
Tel: 01908 690 018
About TEAM (Energy Auditing Agency) Ltd
TEAM is the UK’s leading supplier of energy management solutions that supply Monitoring and Targeting software, provide an outsourced energy bureau service and specialise in energy consultancy. TEAM provide energy management solutions across all sectors. Clients include multi-site organisations, large site organisations and campus sites. Founded in 1985 by Managing Director Paul Martin, TEAM has customers globally and from all sectors including Commerce, Industry and Government. TEAM consistently produce energy savings that exceed the cost of the services and products. They are an independent company and therefore able to monitor the energy market to ensure customers obtain best value.
TEAM (EAA Ltd) are the Government’s preferred supplier under the pre-tendered Buying Solutions framework agreement for Energy Management. Public sector organisations can simply subscribe to the service without going out to competitive tender. The detailed checking of utility bills is a specialist task and can be carried out by an in-house Energy Management team using what is known as Monitoring and Targeting (M&T) software. Alternatively this can be outsourced to a specialist such as the TEAM Energy Bureau.
TEAM (EAA Ltd) - Energy Management Solutions
34 The Forum, Rockingham Drive
Linford Wood, Milton Keynes
MK14 6LY, United Kingdom
Tel: 01908 690018