A service class is a designation given to every utility account that plays a crucial role in both their delivery and supply costs. The financial impact of being classed incorrectly can be significant and, in a time of ever-rising prices, verifying this designation is more important than ever.
Each meter’s service class is listed on the utility bill and is determined by various factors. These begin as simple as residential versus commercial before branching into usage patterns and minimum demand. These classifications are designed to be the most cost-effective for those who meet the criteria, making incorrect classifications costly.
This issue has become more prevalent as businesses change hands and buildings shift in use. For example, an industrial facility repurposed as a mixed-use space will not have the same energy consumption patterns. Similarly, industrial accounts that scale up or down in operations may need to adjust their service classification.
The verification of each meter’s service class is a vitally important aspect of the full account review performed for customers at Power Management. The issue can not only be identified, but the estimated refund owed is calculated and presented to the utility along with the classification change request. The goal is not only to lower the cost moving forward but mitigate overpayment for previous periods.
Contact Power Management today to ensure that your service class is accurate and you’re not overpaying on your energy bills!