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5 Utility Billing Mistakes That Are Hurting Your Cost Recovery

Posted by Written with love by the Livable Content Team on Apr 11, 2022 7:00:00 AM

Utility cost-recovery is essential to a property owner’s bottom line, even a simple mistake in your billing system can end up costing thousands. Here are the five most common utility billing errors owners make and how to fix them.

 

1. USING THE WRONG SUBMETER SUPPLIER

Submeters work by sending out pulses that represent the amount of utility consumed. You must obtain the raw read from the meter in order to determine the true consumption of a unit. To acquire genuine gallon amounts, multiply by the pulse multipliers.

Monthly-tip

Smart saver tip of the month

Insulating water pipes is a quick and inexpensive way to lower water-heating costs. The easy upgrade reduces heat loss and allows you to lower your buildings’ water temperature setting by two to four degrees. Plus, since water doesn’t take as long to heat up, less of this precious resource is wasted waiting for faucets and showers to get to the appropriate temperature.

On smaller buildings, this is a definite DIY job that should take less than a day to complete. Check out the U.S. Department of Energy’s website for a comprehensive shopping list and step-by-step instructions.