Setting up analysis formula involving temperature change
Posted by JB on February 28, 2001 7:35 AM
A piece of outdoor equipment was modified. I need to analyze the savings in utility cost as a result of the changes. What makes this difficult is the outside temperature also affects the utility cost. We have tracked utility usage for 4 months prior and 2 months after the change in equipment. I am attempting to calculate the savings in utility costs as a result of the changes in equipment separate from the cost of varing weather temperatures. Needless to say, the warmer the day, the more electricity required to cool the product. I essentially need to calculate savings excluding those costs attributable to change in outdoor temperatures. Can anyone help?