Utility Audit, Inc.
Utility Savings with Energy Driving Innovation

Over the last decade, electric and gas tariffs have continued to witness a steady increase. As a result, the pricing for electric and natural gas services have also risen by a margin of five to eight percent. At the same time, the supplementation of green energy alternatives is also adversely affecting the utility rates as hotter summers and colder winters are expected to offset the cost of green energy and bring it closer to the pricing of traditional utilities. In light of this, businesses are stuck between a rock and a hard place as they have to choose between paying for traditional energy sources that have high tariffs and greener options that are exorbitantly costly to implement and utilize. This challenge has become a prevalent one in recent years as organizations have to strike a balance between lowering their energy costs and achieving sustainable energy goals. According to utility industry veteran and the founder and CEO of Utility Audit, Inc., Mike Vigil, “The utility market changes quickly and staying on top of the change is the key to make long-term savings.” And with this notion in mind, Mike started his company with a portfolio specially designed to help its clients perform routine utility audits, which further drives their ability to minimize utility costs.

The Colorado-based company was founded in the year 1989, and has since grown worldwide to acclaim as an industry leading utility auditing firm. Currently, the company has a strong client footprint across all 50 States, in addition to locations such as Mexico, Canada, and Puerto Rico, among others. Utility Audit offers a ‘one-stop-shop’ auditing services portfolio that can be utilized by its clients in the electricity, natural gas, fuel, telecommunications, waste removal, sewer treatment, freight and shipping, among others. “Our audit team has not only handled conventional utility services, but also worked with additional utility arenas, skyrocketing Utility Audit, Inc. to become a one-stop partner for all our clients’ accounts payable expense,” states Mike. This allows Utility Audit, Inc. to assist its clients in minimizing their costs by eliminating the need to collaborate with multiple auditing firms for their various needs.

Further discussing the core competencies of his company, Jeremiah Vigil, VP of Operations at Utility Audit, Inc. elaborates, “At the core of our success is our audit description process, which effectively identifies all the available utility refunds, credits, and savings on behalf of our clients and notifies them, driving savings of up to 30 percent.” Another prime differentiator for the company is its hybrid auditing process, where team conducts an initial audit using state-of-the-art technologies, followed by a secondary audit where the company’s team manually assesses utility documents to eliminate the loss of information. “Our strategies are unique in that we use both software driven platforms and also a literal physical touch to each utility bill that comes across our desks. This dual set approach to utility bill auditing is proving to be a significant game changer for us,” adds Mike.

With its unmatched ability to assess and provide the best utility pricing options, Utility Audit, Inc. has made some large waves in the manufacturing and retail markets recently. And despite the clear dissimilarity between the two arenas, the company’s in-house teams were able to produce tremendous values for its clients. In one instance, the company assessed over 20,000 different accounts and produced a significant reduction in the overall utility spend of its manufacturing customer. Alternatively, in the aerospace sector, Utility Audit, Inc. has helped reduce an annual 15 percent ongoing utility expense. Over in the retail space, the company has leveraged its three-decade experience to develop training regimes and online webinars to teach and instruct retail companies. This endeavor was a nationwide success as the retail companies are witnessing reductions in their utility costs with direct billed and landlord billed accounts of up to 10% annual utility costs.

Our audit team has not only handled conventional utility services, but also worked with additional utility arenas, skyrocketing Utility Audit, Inc. to become a one-stop partner for all our clients’ accounts payable expense,”

Moving forward, the company plans to improve its customer experience via the expansion of its capabilities. In pursuit of this, the company recently added Bill Pay services to its overall suite, which is designed to work in tandem with its utility bill auditing module and deliver a seamless user-experience, from detailed reporting to final bill payment in a single interface. From a geographical standpoint, Utility Audit, Inc. is in talks to open a new office dedicated to its new Bill Pay arm in Mesa, Arizona by fall 2021.