The adjusted reporting capabilities of the MACH Asset•Manager were used by the asset management team to that increases in electric expenses from 2007 to 2008 were justified and in fact lower than what could have been expected if building operations hadn't also improved from 2007 to 2008.
A 680,000 sq ft office building in major east coast metropolitan area had electric expenses of $3.40/sq ft in 2007 and $3.20/sq ft in 2008, an apparent savings of about 6%, or $0.20/sq ft. Initially, both the building operations and asset management groups were happy with the apparent savings and performance against budget. However, the adjusted reporting in the MACH Asset•Manager revealed that the combination of lower temperatures in the fall, combined with a rate decrease in off-peak energy charges, should have resulted in savings of $0.26/sq ft.
The property should have saved $0.26/sq ft operating in a consistent manner with the prior year, yet it only came in $0.20/sq ft under budget. The new analytics pointed out that operations had deteriorated during the year resulting in added electric expenses of $0.06/sq ft for 2008.