Budgeting for energy costs is crucial to long-range budget forecasts, but can you account for the volatility of the market and the effect it may have on your financials? Ecova has the tools to significantly enhance the accuracy of your energy financials, as well as provide logical, data-driven explanations for deviations from your budget. Our suite of solutions consists of Budget Preparation, Forecasts, Accruals and Variance Analysis. With our detailed data capture, and our expansive market intelligence, Ecova is well positioned to provide our clients with customized budgets and accrual files.
Our budget development process leverages our data warehouse, your billing history, and our knowledge of planned rate changes. The result is an annual and monthly electric and/or gas service budget for usage and spend that can include your reporting structure such as regions and/or divisions. Included in the budget report is a variance report that shows actuals against budget. We can also compile a monthly variance analysis, which can be provided to highlight and explain what caused deviations. Budget variances can be caused by utility billing cycles/missing bills; pricing changes; unusual energy consumption or trends; and site additions, closes or changes.
“I have unlimited opportunity to forecast, budget, and manage consumption thanks to the data that Ecova empowers us with.” – Dennis Calik, National Bank of Arizona
National Bank of Arizona can now accurately and efficiently track energy consumption and cost data monthly and leverage that data to develop a comprehensive and proactive energy management strategy.View Case Study
Living with your budget is hard work, but it is a manageable process. The tactics described within this white paper will help keep surprises, or variances, to a minimum.View Whitepaper
If energy costs are a significant part of your budgets, call on Ecova’s unmatched expertise and energy data to create accurate, expert and data-driven forecasts and reports.View Data Sheet