What Makes EPB Unique?
Today’s price identification processes for C&I loads are often time consuming and inefficient, and based on our user feedback, Energy PriceBook is unlike any current solution or existing pricing method.
See chart below.
|Features||Pricing Hub Services & Market Overviews||Energy Price Websites
| Does Not Require
|Custom Price Any Size Load (Large & Small)||X||X|
| Total Cost - Supply,
Distribution & Taxes
| Price Range
(High, Low, Best)
|Detailed Price Breakdowns||X|
| Calculate Current Day &
(From Single Price Request)
| Independent of Suppliers,
Brokers & Utilities
| Automated Price Refreshes
with Historical Graph
| Price Regulated &
Energy Pricing Hub Services & Market Overview Publications
While these information sources provide good market overviews and pricing for one or two components (e.g., hub energy prices), they lack immediate actionable intel and are not capable of delivering an all-inclusive, custom price specific to a particular facility. This requires users to compile many documents, charts and graphs and then extrapolate this data into often unclear, high level information, which can prolong, rather than streamline, the decision making process.
Energy Pricing Websites (Matrix Pricing)
These sites, along with matrix pricing published directly from suppliers, are limited to small loads (less than 1,000,000 kWhs per year). In addition, matrix pricing is plagued with load profile uncertainty, resulting in high risk, high premiums and often requires time consuming back and forth that rarely contracts at the stated list price – if it contracts at all. Furthermore, users with larger loads (greater than 1,000,000 kWhs per year) get annoyed by these websites because they are not provided with pricing, but rather asked to enter their contact information, which they rarely do. If these large load users do submit their contact info, this initiates an awkward exchange between buyer and supplier that rarely results in deal closure.
Although the supplier pricing desk is the most accurate, custom price identification method for the supply component (not distribution and taxes), it involves meter data, which is very time consuming and cumbersome to obtain. In addition, this need for meter data often is a non-starter when suppliers and brokers are approaching prospective customers because none of these market participants have time to deal with the back and forth required to obtain it. Furthermore, refreshing and communicating supplier pricing is often a manual process, and once refreshed, users – trying to gain historical perspective to justify purchase - must then tediously send, collect, track and graph these refresh prices over time, which can take countless man hours and often results in “refresh fatigue” for buyers, suppliers, brokers and consultants.
Based on the shortcomings of these current price identification methods, there is a need for a pricing application that can quickly and accurately profile a facility’s energy load independent of its meter data, and then calculate and immediately present to the user current day and historical price estimates for supply, distribution and taxes. Energy PriceBook does just that, in addition to providing daily refreshes of all saved price requests, detailed price breakdowns, user-initiated pricing alerts, sharing of any output chart with other stakeholders, and the ability to download all pricing data to Excel.