Solution: Prenova’s Regulated Supply team provides extensive analysis of all existing tariffs and contracts to review potential rate opportunities. Statewide Tariff Opportunity Assessments (TOA) of all statewide locations are provided on a routine basis. Each TOA outlines the comprehensive potential opportunities for new tariffs, technologies, and projects that may present itself in a given market. Prenova uses an extensive rates library along with advanced modeling algorithms to accurately project opportunities. In addition to the regular statewide review, Prenova offers project-specific TOA’s, outlining cost and benefits for a single site or group of sites.
Experience within the Regulated Supply team is diverse and unique in that it includes utility rate design, mathematics, economic, statistical analysis, wholesale energy origination, renewable energy , cogeneration, distributed generation, engineering and detailed knowledge of many industrial and commercial processes as they relate to energy consumption.
Our experience allows Prenova to offer comparisons, analysis, and negotiations well beyond the standard packages by others. Complex rate differential analysis, rate formulization, load profiling , and real time modeling well beyond the capabilities of most are routine for PRM-R staff. In addition to the standard product of helping secure the lowest possible rate, energy pricing, and refunds, Prenova is uniquely qualified to negotiate for favorable service reliability considerations at the lowest possible cost.
Prenova understands customer requirements for reliability during customer-facing operating hours as juxtaposed against time-of-use rate opportunities. We apply the best practices necessary to optimize the entire Utility Rate Package for the combination of best economics at the highest reliability. read more
Prenova understands and negotiates with utilities in areas where others are simply told that is not negotiable. Recently we negotiated for approximately $250,000 in annual savings for one of our customers from a utility tariff without having to gain Public Service Commission approvals. Through Prenova’s extensive experience, we are able to leverage local distribution companies for the customer’s benefit by understanding where negotiations are possible and where they are not. In many cases, just by using the terms and language of the utility, Prenova is able to secure the same utility service reliability without costly facilities charges.
Outcome: Prenova’s Regulated Supply Team utilizes proprietary tools automatically track, model, and offer analysis to emerging market conditions. These tools enable the team to be highly scalable and capable of performing to both peak service demands as well as growth. Prenova’s Regulatory Supply Team utilizes the same methods and models that large utilities use for their rate design sections. By taking this approach, Rate and Tariff reviews are scalable and accomplished more rapidly than typical processes. We also deliver regular success tracking of the measured impact in terms of savings or cost avoidance resulting from our market analysis. For customers that engage in intervention initiatives on Regulatory issues, we’ll make timely recommendations, including a cost-benefit analysis, for Regulatory or Legislative actions.
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