SMUD and GridX to roll out the industry’s first bill scenario analysis tool to help customers transition to time-of-day rates
SMUD and GridX, Inc. will partner to roll out a new bill scenario analysis tool that will allow SMUD’s customer service representatives (CSRs) to help customers learn more about how the transition to time-of-day rates (TOD) will impact their bills.
GridX is a provider of big data billing and billing quality analytics solutions for energy companies using smart grid infrastructure. Its advanced technology enables utilities to design, promote and operationalize new energy products and programs.
Under a traditional tiered rate system, bills are calculated based on the volume of energy customers use. Under time-of-day rates, when customers use energy will be just as important as how much they use.
After SMUD transitions all of its customers to time-of-day plans by the end of 2019, about 44 percent of customers will pay less over the course of a year than they do under the current system, even if they make no changes to their energy use. About 49 percent of customers will pay about $2 more per month on average under the new plan, and about 8 percent will pay about $6.80 more per month. If these customers make adjustments to when they use energy, they may be able to reduce their bills and save money on a time-of-day plan.
The new bill scenario analysis tool will allow a SMUD CSR to accurately calculate a specific customer’s bills on a new rate. It will also allow the CSR to discuss various energy use scenarios with the customer and calculate how their bills will be impacted by shifting energy use to different time periods, adding or removing programs, deploying rooftop solar, adding an electric vehicle or possibly switching to SMUD’s fixed rate option. The bill scenarios are personalized to each customer and calculated in real time while customers are on the phone.
“As we transition our customers to time-of-day rates, we want to help them learn as much as possible about how their bill may be impacted and what they can do to control their energy costs,” said Nicole Howard, SMUD’s chief customer officer. “By working with GridX, we’ll be able to roll out an accurate, responsive tool that will allow us to provide specific numbers to our customers so they can make informed choices.”
“Transitioning an entire customer population to TOD rates is a significant undertaking,” said Jian Zhang, CEO of GridX. “SMUD clearly recognizes the needs for, and benefits of, a real-time billing scenario analysis tool to help customers make more informed decisions about their rates and energy use. We are thrilled to partner with SMUD, a long-recognized industry leader in customer service, to deploy this solution and, ultimately, develop best practices supporting the transition to TOD rates.”
To learn more about GridX, visit gridx.com. To learn more about SMUD, visit smud.org.
GridX is a leading provider of Big Data Billing, Settlement and Billing Analysis Technology to help utilities transform their rates and business models. GridX technology is used by leading utilities as their financial operating system to streamline such business processes as new rate development, rate marketing, customer engagement and services, and billing operations. Energy CIO Insights Magazine recently named GridX as one of its Top Ten Smart Grid Solution Providers for 2017. For more information, see https://smart-grid.energycioinsights.com/vendors/best-smart-grid-solution-providers-2017.html.
As the nation’s sixth-largest community-owned electric service provider, SMUD has been providing low-cost, reliable electricity for about 70 years to Sacramento County and small adjoining portions of Placer and Yolo Counties. SMUD is a recognized industry leader and award winner for its innovative energy efficiency programs, renewable power technologies, and for its sustainable solutions for a healthier environment. SMUD’s power mix is about 50 percent non-carbon emitting. For more information, visit smud.org.