The Tariff Analytics solution from Greenojo helps power utilities analyze the impact of different tariff rates and plans on energy consumption. It provides insights into consumption variations and helps design optimal tariff plans to reduce overall energy consumption.
Overview
Business Challenge
Power utilities need to design tariff plans that encourage efficient energy use while maintaining profitability. Traditional methods of tariff design often fail to account for consumer behavior and seasonal variations, leading to suboptimal outcomes.
Business Objective
The primary goal of Tariff Analytics is to optimize tariff plans to reduce overall energy consumption and promote efficient energy use. By analyzing consumption patterns and the impact of different tariff rates, it aims to help utilities design effective tariff plans.
Solution
Tariff Analytics integrates several advanced technologies and features:
- Consumption Analysis: Analyzes energy consumption variations with respect to temperature, tariff rates, and tariff plans.
- Dynamic Tariff Plans: Supports the introduction of dynamic time-of-use (DToU) plans with different tariff rates (high, normal, low prices).
- Customer Segmentation: Analyzes consumption patterns for different customer segments to design targeted tariff plans.
Business Value
Implementing Tariff Analytics leads to several benefits:
- Optimized Tariff Plans: Helps utilities design tariff plans that promote efficient energy use.
- Cost Savings: Reduces overall energy consumption, leading to cost savings in power generation and distribution.
- Enhanced Customer Insights: Provides valuable insights into consumer behavior and energy use patterns.
