Products

Our Electricity Rate Engine Suports Contracted Rates in Deregulated Markets

By

| Reading time 1 minute

You may have noticed that when running a calculation on a tariff in a deregulated market, there’s a new option available:

Screenshot

Now you can enter your contracted rate or discount whenever competitive electric supply is available!  Either enter your contracted rate as cents per kWh (e.g. 7.1¢) or expressed as a discount (e.g. enter 95 for a 5% discount) and let Genability do the rest.  If you don’t have a contracted rate, we’ll use the standard rate charged by the distributing utility.

With this new functionality, Genability now covers over 90% of the Residential market and 60% of the Commercial market in the U.S.

We can handle contracted rates because we spent the last several months tagging each individual rate for over 600 residential and general tariffs, labeling each rate as generation or T&D and flagging those rates that are available to be contracted.  The result is that when you provide the contracted rate (or discount), Genability knows exactly which rates to override or alter.

This is easiest to see in Explorer, where you can enter your contracted rate when running calculations, creating accounts or running what-if scenarios.

But it’s easy to use in APIs too. You simply pass the rate or discount into the rateInput object with the ‘chargeType’ set to ‘CONTRACTED’ to replace all the rates eligible for competitive electric supply.

So if you work in any of the 16 states where customer’s can choose their electric supplier, log in to Explorer and start working with contracted rates.

Also in Products

Our APIs and Explorer Add Billing Period Support

By John Tucker | Feb 11, 2012

How often have you received a utility bill and the billing period matched exactly with the beginning and end of the month? Never, right?

Electricity Tariff Territories Explained

By Emile Baizel | Feb 1, 2012

Many utility companies charge different rates based on the geographic location of the customer.  This is particularly true in CA, NY and MA where utilities such as California’s PG&E and Southern California Edison implement territory based pricing....

Genability Explorer Supports Demand Values

By John Tucker | Jan 10, 2012

We’ve been very busy over the past few weeks, and not just with the holidays.  We’ve been busy processing the deluge of new year rate updates including Pacific Gas & Electric, Southern California Edison, San Diego Gas...

Matching your Utility Bill in our Explorer Web Application

By John Tucker | Nov 30, 2011

The first thing most of our customers do when logging into Genability Explorer for the first time is try to reproduce a utility bill. They take either their bill from home or one their customer’s bills and...