Find out how we can help you, call us on:
01772 770 280
Utiligroup Ltd, Brisance House,
Euxton Lane, Chorley PR7 6AQ
Our electricity settlements managed service reconciles imbalances between your contracted position and consumer metered demand recorded in industry with resolution paths by categories to remove unforeseen cash outflows.
Suppliers must hit standard industry performance targets set by Elexon. Failure to do this will result in charges being incurred for underperformance at R3 and RF via the Supplier Charges technique. We’ll prevent this by monitoring your performance on a daily basis, ensuring optimum efficiency.
Imbalance is the discrepancy between energy used and energy contracted for. Suppliers can face large imbalance charges due to forecasting on estimated volumes rather than actual usage. We identify and remove the volume of estimated data, decreasing estimated imbalance charges.
A large percentage of customer complaints comes from incorrect estimated billing – due to the poor quality of data. Our service focuses on Data Quality to improve Suppliers estimations – which directly affects consumer billing.
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Elexon manages electricity settlement and monitors the performance of all Suppliers – any supplier consistently failing to perform will be referred to the Performance Assurance Board. We proactively monitor a Suppliers settlement performance as part of our service, mitigating the risk of referral to the Board in advance.
Suppliers who consistently fail to perform can be expelled from the Balancing and Settlement Code by Elexon. Expelled suppliers will no longer be able to trade - removing their ability to be a Supplier. Our expert solution optimises settlement performance to prevent escalation, negative publicity and potential for BSC expulsion.
Our Settlement software combines registration data, meter readings and settlement data, creating a suite of reports that highlight settlement activities. This will help suppliers improve performance, drive cash flow and mitigate high volumes of customer complaints.
Daily refreshes of data provide Suppliers with up-to-date views of performance and problem sites; helping Suppliers improve on meter read strategies and forecasting processes.
Our software combines industry data and Supplier registration data systems to highlight discrepancies; improving on data quality processes, reducing the volume of Settlements exceptions raised.
Our expert industry service handles settlement related exceptions and industry performance, allowing suppliers to place their focus on their customers.
Our expert service simplifies industry related activities, allowing Suppliers to understand the complexity of the energy market and concentrate on their customers.
We ensure maximum read utilisation by monitoring all meter readings, improving Settlement, Billing and Forecasting processes.
We help keep Suppliers using our settlement service at or above 98% industry performance, reducing escalation and unforeseen costs.
Let’s discuss how to optimise your settlements, reduce unforeseen costs & improve billing performance