Backdated Inventory

Problem

• A large LED retrofit project had taken place, but the inventory had not been updated since the project had started
• Energy savings were not being reflected in the energy bills received by the Council
• A very large capital investment had not realised any financial savings
• The Council settled their energy on a non-half hourly unmetered basis with no interaction with a Meter Administrator or verification of inventories or energy calculations

Solution

• The Council approached their supplier to request back dated savings. Their supplier requested monthly back dated inventories to reflect the assets onsite and their LED project
• Prior to appointing PDA as their Meter Administrator and moving to half hourly trading, the Council contacted PDA asking for advice on how to proceed
• PDA worked with the customer and their PFI contractor to update the inventory, identifying the correct Elexon charge codes relating to the installed assets
• PDA then produced monthly backdated inventories reflecting the progress of the LED project installations
• PDA conducted recalculations to recover 13 months of historic financial loss, resulting in financial reimbursement from their supplier