Simulate Every Customer Against Every Rate Plan In Real Time Solution
Real time plan any rate across every customer with 100% accuracy.
The Problem
- Utility needs to plan different rates across millions of customers every year
- Rates complicated due to wind, solar and other green energy and distributed generation initiatives
- Costs millions of dollars to simulate rates, create financial forecasts, and estimate customer impact
- Large or individual customers may have surprises
Why Fractal
Fractal Programming enables flexible real-time creation of rate plans.
App performance enables rate plans to be run against 100% of customers for dozens (multiple years) of billing cycles in minutes.
Utility eliminates all new rate surprises for customers.
Utility has highly accurate financial forecasts for itself and its customers.
SOLUTION
- Implement real time rate planning engine
- Test every rate, across every customer, using previous bills
- Forecast utility yearly revenue to the penny
- Eliminate all new rate surprises
- Enable utility profitability analysis by rate plan
Impact
Saved $2 million paid to rate consultants for single rate plan.
Saved $8 million for subsequent rate planning.