Rate Optimization
Utility suppliers offer a multitude of rate schedules that may be applied to a particular consumer’s account. These rate schedules are constantly changing – i.e., new rates are added and existing ones are modified or eliminated.
The application of each specific rate schedule to a particular consumer’s usage profile results in a different cost. Most consumers are surprised to learn that utility suppliers are not required to apply the most cost effective alternative to their account. The responsibility to analyze, identify and request the most cost effective rate falls on the consumer.
Who chose the current rate schedule for your service? Have your usage profile or operating characteristics changed since your last rate review? Does your organization have the resources and expertise to analyze all of the available rate alternatives and optimize your expenses?
Rate analysis and optimization requires access to a utility supplier’s rates, a detailed understanding of rate design as well as one’s overall usage profile, and systems to compare multiple scenarios. Based upon our experience, very few businesses want to maintain the internal expertise or resources to perform this task.
It is for this reason that we offer a rate analysis and optimization service to our clients. The objective of this service is to identify and implement the most cost effective rate alternative available, thereby reducing the client’s annual energy and/or telecommunications expenditures. This is not a one-time service. Once we have optimized a client’s current purchasing arrangements, we monitor changes in the available rate schedules and the client’s usage profile to ensure that the client continues to purchase their utility services under the most cost effective rate option.