Regulated energy more cost-effective for property owners.

November 1, 2017 / in News / by REW, Real Estate Weekly

Regulated energy, which comes attached with fears of price-gouging from monopolies, may be the more cost-effective option for property owners.

According to case studies from energy data auditor Utilisave, regulated energy can yield millions in energy savings for commercial buildings.
Michael Steifman, the firm’s founder and CEO, said that the alternative, fixed price deregulated energy, which is generated by electricity aggregators that compete against public utilities like Con Edison, remains popular due to two reasons: it gives owners a fixed number to include in their budgets and nullifies the risk of unexpected price hikes. However, that shield against fluctuations in utility costs comes with a price.

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Questioning Utility Bills Could Save Customers Thousands of Dollars

November 30, 2016 / in News / by REW, Real Estate Weekly

Companies in virtually every industry pay tens of millions of dollars annually in sales and use taxes on their utilities, yet few ever question whether they’re paying more than they should.

And that could be a costly mistake, according to Michael Steifman, CEO of UtiliSave, an optimizer and auditor of utility data.

Steifman, whose company represents such major real estate owners as SL Green, Silverstein and RF, recently recouped $700,000 for just one customer.

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UtiliSave Audit Leads to $400,000 Savings for Commercial Property in New York

New York, April 29, 2016 –UtiliSave, LLC, a preeminent optimizer of utility data headquartered in NYC, recently identified and secured significant returns for one of its real estate clients — the managing agent for one of Manhattan’s largest Class A office buildings (over 1.6M SF) in Midtown New York . Through intricate analysis of the Commercial Client’s utility billing data and through physical inspection of the location, UtiliSave was able to uncover significant overcharges.  These findings produced a return of $400,000 back to the commercial client.

UtiliSave, which is celebrating its 25th anniversary this year, is a total utility data management partner with unparalleled technology for forensic Utility and Energy Bill Auditing specializing in finding substantial savings in commercial utility bills.

UtiliSave was engaged by our Commercial Client to audit their utility bills for a building in New York City. UtiliSave underwent its analysis of the data and conducted physical inspections of the property including all water and fire meters. After identifying issues of concern, UtiliSave presented its findings and detailed analysis to the water department and requested that the Commercial Client be credited back for the errors.  At first this request was denied, however, UtiliSave effectively leveraged their knowledge of regulatory practices and strong negotiating skills to finally get a $400,000 claim settlement on behalf of our client.

“We could not be more pleased with the results of our efforts for this client,” stated UtiliSave CEO, Michael Steifman. “Our determination and steadfast dedication to secure refunds from utilities throughout the U.S. showcases our ability to deliver continues positive outcomes for our clients that sets us apart from other firms.  At UtiliSave, we recognize that significant cost reductions and enhanced operations is mission critical for our client’s success.”

Learn more about how UtiliSave serves Commercial Properties

 

About UtiliSave:

UtiliSave, LLC specializes in extracting value for clients through utility data optimization.  Headquartered in New York City and servicing over 16,000 properties nationwide, UtiliSave was founded in 1991 and has been developing its own intricate data analysis software since 1998.  Equipped as a total utility management partner, UtiliSave benefits not only large energy consumers, but also Efficiency Project Providers and ESCOs / Utility Companies.  Core products include BillAudit™ and UseAudit™ which analyze historical utility data to identify refund opportunities and operational inefficiencies, and Utility Management Interface (UMI) – a user-friendly platform that provides superior energy management.  For more information on UtiliSave and their product offerings, please visit www.UtiliSave.com or call (718) 382-4500.

Press Contact:

Maureen Shires
631 766 9712
mshires@utilisave.com

 

 

Michael Steifman is Bringing Down Energy Bills One Audit at a Time

APRIL 27, 2016 / in News / by Liam La Guerre, Commercial Observer……..

“The analogy that I like to use is that we are like tax attorneys for utility bills,” said Michael Steifman, the founder and chief operating officer of UtiliSave.

Tax attorney might not sound like the most glamorous endeavor. And maybe it’s an odd way to advertise yourself (we thought people call their tax attorney out of necessity—not because it sounds cool). But just like in a tooth-and-nail tax audit where millions of dollars can hang in the balance, the same is true for an energy audit. In the fight for energy efficiency and lowering utility bills, it is difficult not to take note of the staggering amount of money UtiliSave has brought owners over the years.

 

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UtiliSave Finds Large Adjustment for Hospital Client (R)

(New York City, New York – January 2, 2015) ……….  UtiliSave, LLC – a premier forensic utility bill auditing company headquartered in New York City – has recently obtained a substantial credit for their client, a large hospital in Brooklyn, NY.  The service agreement between UtiliSave and the Hospital was established on August 25th, 2014 and on October 28th, 2014 – approximately 2 months later – UtiliSave secured the adjustment which was immediately credited back to the Hospital, amounting to hundreds of thousands of dollars.

The initial concern of a possible bill discrepancy was raised by the client.  The utility company addressed the issue with an explanation to support their billing which seemed reasonable to the Hospital who then paid the bill of over $1 million in full.

UtiliSave performed a deep analysis of the Hospital’s utility data along with a series of on-site inspections and came to a different conclusion in regards to the billing.  UtiliSave submitted a claim to the utility company on the Hospital’s behalf, providing an alternative, detailed statistical analysis and calculations based on lower usage numbers.  The utility company verified UtiliSave’s findings, accepted their calculations and meter reads, and agreed with their arguments.  The over-billing was subsequently rectified using lower usage.  The initial charges were adjusted – resulting in a large net savings for UtiliSave’s client.

“We are very pleased to have secured this substantial adjustment for our client in such a short time-frame as an issue submitted to a utility company has a typical wait time of 90 days,” said Anatoliy Khotsyn, UtiliSave’s Vice President of Auditing.  He continued, “Due to the complexity of this issue, our team did their due diligence in conducting multiple inspections and compiled sufficient evidence to support our claim, which we believe, expedited the decision.  It is quite an accomplishment, and we are happy we could do so for our new client.”

UtiliSave, LLC is a forensic utility data and bill auditing firm headquartered in New York City.  Founded in 1991 by CEO, Michael Steifman, UtiliSave has been developing its’ own data analysis software since 1998, designed to take deep dives into historical utility data to identify refund opportunities and operational inefficiencies for their clients.  Equipped as a total utility management partner, UtiliSave offers its’ core services such as utility bill audits, trailing audits, benchmarking, and procurement to over 16,000 properties nationwide and is engaged with over 100 utility providers.  For more information, please visit the UtiliSave, LLC website at www.UtiliSave.com or call (718) 382-4500.

Utility Bill Re-Audit Finds Significant Savings for Brooklyn Based Hospital

UtiliSave, a New York City based forensic auditing company, is pleased to announce the recovery of over $250,000 for a Brooklyn based hospital, as a result of forensic utility bill analysis.

Hospitals often have large and complex infrastructure supporting their myriad activities. The business of running and supporting a hospital may not be the stuff of primetime television, but it’s critical to the life-saving work that goes on in every ward, and as with any technology driven industry, electricity and water are the lifeblood of most systems. 

Recently, UtiliSave saved a single hospital over $250,000 by performing a ‘trailing audit’ – an audit performed on the heels of another firm’s utility audit. As a leading utility auditing company, UtiliSave has become an expert in re-reviewing already-analyzed billing information and uncovering previously unidentified errors, irregularities, and opportunities for savings.

“I have to give a lot of credit to the Hospital staff,” said Charlie Cavallo, Senior Account Executive at UtiliSave, “even though they had already been through an audit by another firm, they were open-minded to finding the savings that we knew would still exist.” Within weeks of performing the trailing audit, UtiliSave identified and secured over $250,000 in savings on water utilities alone for the Hospital. Subsequently UtiliSave has been able to recapture tens-of thousands of dollars in additional savings on electric utilities.

“What differentiates UtiliSave” says Cavallo “is that we’re specialists in this arena, with a deep pool of knowledge, experience and technical expertise. Many of the entities performing utility audits are very small shops, or former utility employees with some specific knowledge, but limited. We, on the other hand, are a forensic auditing company. We’ve been in this business for over 20 years. We have an expert staff and our own proprietary processes and software to perform intricate data analysis which is unparalleled in our industry.”

When asked about the next steps for their engagement with the hospital, UtiliSave’s CEO and Founder Michael Steifman stated with unflinching conviction, that Utilisave “will continue to save them money in the future. Any company with the amount of utilization, and the complexity of a hospital or large industry can only benefit from engaging the services of someone like us. The ability to find savings year after year for our clients sets UtiliSave apart.”

UtiliSave, LLC is a forensic utility data and bill auditing firm headquartered in New York City.  Founded in 1991 by CEO, Michael Steifman, UtiliSave has been developing its’ own data analysis software since 1998, designed to take deep dives into historical utility data to identify refund opportunities and operational inefficiencies for their clients.  Equipped as a total utility management partner, UtiliSave offers its’ core services such as utility bill audits, trailing audits, benchmarking, and procurement to over 16,000 properties and is engaged with over 100 utility providers.  For more information, please visit the UtiliSave, LLC website at www.UtiliSave.com or call (718) 382-4500.