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  • Casual Articles - Hidden Electric Bill Errors And Overcharges: 5 Myths That Could Cost You Thousands

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    Myth #4: The power company is obligated to select the best rate for my business

    Myth #5: Nothing can be done to reduce our elect

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    If you are a CEO, CFO, Controller, Purchasing or Facility Director, you may never have considered the fact that your electric bills could have hidden overcharges and errors.

    However, businesses in Virginia and the Carolinas regularly overpay 5%-15% because of these errors.

    “Four out of five commercial or industrial customers are over billed by the utility at some point.” according to Brian Coughlan, President of Utility Management Services, Inc. in Wilmington, NC.

    This oversight is due to some common myths about our nation’s power providers:

    Myth #1: Utilities are government regulated and have our best interest in mind

    Myth #2: Computers and electronic equipment eliminate billing and metering errors

    Myth #3: Electricity is electricity. There is only one price.

    Myth #4: The power company is obligated to select the best rate for my business

    Myth #5: Nothing can be done to reduce our electr

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    usinesses in Virginia and the Carolinas regularly overpay 5%-15% because of these errors.

    “Four out of five commercial or industrial customers are over billed by the utility at some point.” according to Brian Coughlan, President of Utility Management Services, Inc. in Wilmington, NC.

    This oversight is due to some common myths about our nation’s power providers:

    Myth #1: Utilities are government regulated and have our best interest in mind

    Myth #2: Computers and electronic equipment eliminate billing and metering errors

    Myth #3: Electricity is electricity. There is only one price.

    Myth #4: The power company is obligated to select the best rate for my business

    Myth #5: Nothing can be done to reduce our elect

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    nt.” according to Brian Coughlan, President of Utility Management Services, Inc. in Wilmington, NC.

    This oversight is due to some common myths about our nation’s power providers:

    Myth #1: Utilities are government regulated and have our best interest in mind

    Myth #2: Computers and electronic equipment eliminate billing and metering errors

    Myth #3: Electricity is electricity. There is only one price.

    Myth #4: The power company is obligated to select the best rate for my business

    Myth #5: Nothing can be done to reduce our elect

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    Myth #1: Utilities are government regulated and have our best interest in mind

    Myth #2: Computers and electronic equipment eliminate billing and metering errors

    Myth #3: Electricity is electricity. There is only one price.

    Myth #4: The power company is obligated to select the best rate for my business

    Myth #5: Nothing can be done to reduce our elect

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    icity is electricity. There is only one price.

    Myth #4: The power company is obligated to select the best rate for my business

    Myth #5: Nothing can be done to reduce our electric bill. It’s a fixed expense.

    These myths are responsible for hundreds of millions of dollars in annual overcharges and errors in the Southeastern United States.

    As of May 2006, businesses with the proper knowledge of billing, metering, and rate practices have eliminated over $28M (and counting) in hidden overcharges and errors from their electric bills.

    This series will shatter these myths and provide you with useful information that can save your business thousands annually in electricity expenses.

    But first we must understand the tremendous effect small errors and overcharges have on a business’ bottom line…

    Since electricity is a normal operating cost of your business, any reduction in this cost has a direct, dollar-f

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