Utility Management is the administrative process of setting-up utility accounts, paying the bills, keeping track of utility consumption and costs and managing the utility budget. In the current deregulated utility environment this includes competitive procurement of electricity, natural gas and wind energy supply contracts. Utility management is also the engineering and life cycle cost effective selection of the right utility for the application.
In Fiscal Year (FY) 2015 (July 1, 2014 - June 30, 2015) the College consumed over 7.5 million dollars of utilities including: electricity, natural gas, propane, and water and sewer. The large increases in the past several years are primarily due to deregulation price cap and expiration volatile worldwide utility as well as the addition of new College buildings. Currently, the FY 2016 utility operating budget projects a 2.98 percent budget increase from FY 2015 to FY 2016 of $7,613,648 to 7,840,755 with a $ 58,000 increase for the cost of water. For the upcoming FY 2017 the College anticipates a 2.71 percent budget increase do to increase utility cost and the return to service for Science Center West (SW) and new service to the North Garage (NG), both on the Rockville Campus.
For additional information click here to see the FY 2017 Utility Projection Report Table.
Updated on Friday 4/15/2016.