8760 Expense Management
8760 Expense Management
Save significantly on your Alberta utility bills with 8760’s comprehensive management services. We optimize your energy usage, negotiate competitive rates, and provide expert advice to help you reduce costs and improve your bottom line. Let us handle the complexities of energy management, so you can focus on growing your business.
Navigating Your Utility Bill: Key Components
Understanding the components of your Alberta utility bill is crucial for effective expense management. Let’s decode the key elements, so you can take control of your energy costs. Click on one of the bill sections to learn what exactly you’re charged for and how 8760 can help reduce your utility bills in Alberta.
Your commodity charges are dependent on your price and the amount of energy you consume. For your electricity consumption your price is charged on a per kilowatt-hour basis ($/kWh). For natural gas consumption, your price is charged on a per gigajoule basis ($/GJ). Your total energy charges are based on how much energy you’ve consumed that month multiplied by the commodity price. The per kWh and per GJ prices could be charged on a fixed or variable basis dependent on your plan and can be found in your bill’s electricity and natural gas sections.
8760 helps you save on these energy rates by getting you the best possible rates, terms and contractual arrangements for your business through our aggregation and procurement approach. Even if you are currently under contract, we can procure your future energy needs today for optimal terms and prices.
Delivery charges are based on your energy service provider’s cost for installing, operating, and maintaining infrastructure that provides energy to your business locations (ie. the wires that bring the power and the pipes that carry the natural gas). These charges are regulated and appear as a separate section on your utility bill – usually under the headline of “delivery chargers” or “distribution and transmission charges”.
How 8760 helps you save: Although these charges are regulated and approved by the Alberta Utilities Commission, they may not be optimized. 8760 will conduct a review of delivery charge components and identify any opportunities to optimize costs and generate savings. This can be done regardless of the fact you are under contract or not under contract. 8760 manages any changes with the service provider and quantifies savings.
With the rising cost of energy, steady increases to carbon tax, and a world wide focus on environmental sustainability, it is also important to identify and focus on opportunities to use less energy or to use it more efficiently in your business. While there is not a specific area on your business’ energy bill that showcases efficiency opportunities, energy audits can help identify opportunities to reduce energy consumption.
8760 provides a variety of different energy audits to help identify energy efficiency improvement opportunities. From a low cost desktop audit to a full scale, on-site energy audit, our energy experts can provide data driven insights and a plan to help you achieve your energy efficiency goals.
Confused by “retailer commodity charges”? Don’t worry, it’s simply the cost of your electricity and natural gas supply in Alberta. This expense can fluctuate based on market conditions, your consumption, and any contractual arrangements you have.
8760 can help! We negotiate better rates, utilize alternative product solutions, or find alternative suppliers to help you save money on your Alberta utility bills. Our services include:
We simplify the complex, giving you control over your Alberta utility expenses.
Delivery charges (also known as distribution and transmission charges) cover the cost of getting electricity and natural gas to your facility in Alberta. These costs are regulated but may not be optimized, so there could be opportunities for savings.
8760 can help you optimize your delivery charges by reviewing your bill and identifying potential savings opportunities. Some areas we examine include:
We’ll find hidden savings and ensure you’re not overpaying for delivery in Alberta.
“Equium Group has been a long-time customer of 8760 and we have been extremely pleased with the advice and service provided with respect to optimizing the electricity and natural gas expenses of the condominium properties our company manages. Not only has 8760’s market advice and strategy recommendations provided our customers substantial financial savings, it has also protected them from the extreme market volatility that occurs on a regular basis. The 8760 team is very responsive and they look to optimize both the commodity costs and the delivery charges of our many clients. This provides tremendous value to Equium and our end clients. We encourage any business looking to optimize their utility costs to engage with 8760.”
Jonathan Lachance
Partner and Associate Broker, Equium Group
“Westwinds Communities has been a customer of 8760 as part of the ASCHA Energy Program since 2012. 8760 has been a trusted partner that we look to for advice and expertise with respect to managing our electricity and natural gas utility expenses. The work that has been done to optimize our commodity price for electricity and natural gas has provided tremendous financial savings to our organization, reduced risk and the program has protected us from extreme market volatility that occurs on a regular basis. Their approach and advice have been invaluable, and we really benefit from 8760’s projections when developing annual budgets. 8760 has been an excellent partner and we would recommend their service to any organization looking to optimize their energy costs.”
Lauren Ingalls
CAO, Westwinds Communities