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When businesses look to reduce energy costs, the focus is often on future procurement. However, valuable savings opportunities can sometimes be found by looking at the past.
Billing errors, incorrect contract pricing, hidden commissions and misapplied charges can go unnoticed for years, particularly across multiple sites and complex energy contracts. A Retro Audit helps identify these issues and determine whether costs can be recovered.
What Is a Retro Audit?
A Retro Audit is a detailed review of a business’s historic energy contracts, invoices and supplier arrangements, typically covering the previous six years.
The aim is to identify areas of financial leakage, improve transparency and uncover potential cost recovery opportunities that may otherwise have been missed.
What Can It Identify?
Common areas reviewed include:
- Supplier billing errors
- Incorrect contract pricing
- Hidden or excessive broker commissions
- Climate Change Levy (CCL) and VAT errors
- Misapplied charges and contract discrepancies
While individual errors may seem small, they can quickly add up across large energy portfolios and long contract periods.
More Than Just Cost Recovery
A Retro Audit isn’t only about recovering money.
It can also provide valuable insight into historic procurement decisions, supplier arrangements and contract structures, helping businesses make more informed energy decisions in the future.
For many organisations, it also improves governance, transparency and confidence in their energy management processes.
How GLEG Can Help
At GLEG, our Cost Recovery service reviews historic energy data to identify potential overcharges and opportunities for recovery.
Whether the outcome is recovered costs, improved visibility or a stronger procurement strategy, a Retro Audit can provide valuable insight into one of your organisation’s largest operational expenses.