Budgeting & Forecasting

There are countless variables that can affect utility budgets; consumption could drop due to efficiency retrofits, occupancy fluctuations, lease expirations, and operational changes; supply rates could increase three-fold due to supply contract rate structure and variable market movement; and delivery rates could increase substantially due to Public Service Commission rate cases and new legislation.

Automate utility invoice data collection

Obtain data-driven, defensible, and accurate budgets

Forecast delivery & supply rates based on historical data

Derive variances affecting the accuracy of your budgets

Key Product Features

Budgeting

To generate budgets, WatchWire analyzes billions of potential forecast models, picks the best model based on statistical thresholds, then projects forward the monthly billing period consumption/demand for the applicable fiscal year.

Variance Reporting

WatchWire’s variance reports provide an analysis of actual invoice data vs. what was budgeted. Since our algorithm forecasts based on a model incorporating weather, occupancy, and any other variables, we can derive the drivers of the variances on a monthly basis, explaining the impact of weather variables, occupancy, and delivery/supply rates.

Budget Reforcasting

Budgets can be reforecast based on actual to-date invoice data, reprocessing the forecast model with updated to-date information and projecting forward recalculated budget numbers.

Budgeting & Forecasting
Helpful Resources

Energy Budgeting Template

With the 2021 budgeting season underway, ensure you are budgeting for energy correctly, especially in this year of uncertainty. Energy, as one of the top operating expenses for buildings, should not be budgeted like other expenses: Building an energy budget…

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utility budgeting

Utility Budgeting – Do’s and Dont’s

Energy is one of the top operating expenses for buildings, typically in the mix with debt service, taxes, cleaning, and staff salaries.  It’s usually the most volatile operating expense for buildings, but it’s also one of the most controllable and…

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Watchwire Budgeting Brief

Watchwire, EnergyWatch’s enterprise-grade energy management solution, offers the most comprehensive utility budgeting solution on the market, allowing clients to obtain data-driven, defensible, and accurate forecasts of their energy costs and consumption.  Learn more about Watchwire Budgeting by downloading the full…

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Energy Budgeting in a Time of Uncertainty

In this webinar, we discussed:• How to forecast usage and demand based on independent variables (i.e. weather, occupancy, production variables, etc.)• How to adjust your budget for changes in occupancy/production, operating hours, and energy conservation measures• Keeping track of budget variances…

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