Transition to TOU Rates
With TOU Transitions, every aspect of the rate product life-cycle, including rate design, rate marketing, billing and customer engagement requires a revenue grade billing and analytics engine.
The TOU rate is one of the new utility product innovations in recent years. Transitioning to TOU rates requires utilities to use interval data across the Rate Life Cycle and revamp all of the related business processes to take advantage of the large volume of fine granularity interval data. TOU rates are substantially harder to design, more challenging to engage and market to customers, and finally more difficult to bill.
GridX provides a complete turnkey solution designed to support and streamline Time-of-Use (TOU) rate transitions. The solution, proven through multiple utility TOU rate transitions, is the Enterprise Rate Platform of choice for leading utilities undergoing rate and business model transformations.
Engaging Consumers in Time-of-Use Rates. Learn how GridX supported SCE’s Time-of-Use transition.
The GridX Rate Marketing Tool enables utilities to more effectively and efficiently market new rates, maximizing customer adoption..