The Monthly Power Cost Variance Report provides detailed insights into the power cost variances over the last 12 months and compares the last two quarters. This report is essential for identifying billing errors or operational discrepancies, helping Woodland Development Corp. manage power costs efficiently.
Overview
The Monthly Power Cost Variance Report is designed to track and analyze power cost fluctuations over time. Below are the key columns included in the report and their descriptions:
- saskpower_child_account: The unique SaskPower account number for the sub-account within SaskPower's systems. It remains consistent for a given account.
- meter_number: The SaskPower meter number, which can change if a meter is replaced at the site.
- service_address: The address on file with SaskPower for the meter.
- location: The physical location for the facility.
- cost_center: The cost center associated with the facility.
- allocation_factor: This is used to determine what portion of the SaskPower account bill will allocated to the facility.
- Previous 12 Months Power Charge: Monthly power cost data for each month for the past 12 months.
- Previous Full Quarter AVG: The average power cost for the past quarter.
- 2nd Previous Full Quarter AVG: The average power cost from two quarters ago.
- quarter_avg_variance: The variance in power costs between the two quarters.
- quarter_avg_variance_percentage: The percentage variance in power costs between the two quarters.
Important Points to Watch For
Identify Monthly Billing Variances:
- Look for significant month-over-month variances in power costs. This can help identify potential billing errors or operational changes affecting power consumption.
Quarterly Comparisons:
- Compare the average power costs between the two quarters. Large variances can indicate changes in usage patterns or billing issues that need further investigation.
Allocation Factor Accuracy:
- Ensure the allocation factor is 1. Deviations from 1 can indicate incorrect billing allocations, leading to overcharges or undercharges.
Example Report Layout
Conclusion
The Monthly Power Cost Variance Report is an invaluable tool for tracking power cost fluctuations and identifying potential billing or operational discrepancies. Ensure that all data points are correctly collected and reviewed regularly to maintain accurate financial records.
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