Electricity is something that everyone purchases, but many people don’t take the time to think about how their rates are set. The process for determining and changing utility rates depends completely on the type of company. Investor-owned utilities are private companies that operate on a for-profit basis. They are usually owned by shareholders and their
Back in February, the state of Texas experienced an “Unprecedented cold weather event” that left millions without power while temperatures plummeted. Winter Storm Uri, predicted to impose a significant yet manageable strain on the power grid, instead led to the near-collapse of the state’s infrastructure and extravagant energy prices for days on end. For a
With every shift in national administration comes important changes. How a new presidency will affect different industries and markets is not always predictable. President Joe Biden’s energy plan will inevitably impact the energy sector, including utilities. Of course, campaign promises do not always become reality, but it’s important to understand the administration’s objectives. With pressure
It’s no surprise that the utility sector was not spared the havoc wreaked by COVID-19 on nearly every industry in 2020. In the case of energy utilities, there was a negative trifecta of sorts, causing them to generate revenue far below forecasts. Will 2021 see an effort by those utilities to recover some of their
Lightning strikes. A resounding crash echoes through the forest, and a flaming crack splits the length of a towering Oak. As the tree burns and the animals flee, a solitary figure strides hesitantly forward out of the darkness. The figure, cold and shivering, carefully approaches the burning tree and reaches out his hand to
Even though many industries struggled in 2020, Electric Vehicles have managed to increase their market share of new car sales around the world. In the United States, EV sales rose 9.9%. In the UK, EV sales tripled even though car sales as a whole declined to the lowest since 1992. Most impressively, 54% of Norway’s
Several of RateAcuity’s customers work as Energy Consultants, filling a vital role for many businesses with their expertise on the energy industry. They work to help companies reduce their utility costs by analyzing market trends and rate fluctuations, and they can achieve substantial savings for their clients. Energy Edge and Burton Energy Group are two
Electricity rates are partially dependent on which of various energy sources, such as oil, gas, coal or nuclear and renewable sources, are used to generate power in your area. Electricity rate trends can vary greatly depending on region or state. For example, Idaho has low retail rates because much of the state’s energy is generated
The term kilowatt-hour commonly arises in conversations about electricity. While this unit of measurement is used every day in the utilities industry, many people are unsure of what it is and how it works. So, what exactly is a kilowatt-hour? A kWh is a unit of measurement that is equal to the use of 1,000
As I mentioned in my previous post regarding beginning the RateAcuity data accuracy program, we know no one is perfect and errors in the RateAcuity database will be discovered. Unfortunately, some errors have already been found. Having a customer find errors in the RateAcuity database has caused me some sleepless nights, but I want to
Commercial energy users typically receive electricity with different billing parameters than residential consumers. One of the ways this happens is through demand charges, which address peak usage rates. What Is a Demand Charge? Demand charges occur when an electricity company charges commercial customers for the highest amount of energy they use at any one point
Anyone who’s compared their energy bills knows that electricity prices can fluctuate from month to month. But why is that? And what determines electricity prices in the first place? The cost of energy fluctuates so much that prices actually update by the minute, and you can find significant differences across locations. For instance, state electricity profiles
Commercial Energy Management Trends In the business world, it’s essential to manage your energy consumption carefully so you can streamline your budget and implement sustainable practices. Staying informed about commercial energy management trends and taking advantage of available data can help you do so. The Importance of Commercial Energy Management Why is it so important
In my last post I mentioned starting a tracking program so we can report our data accuracy to our customers and potential customers. I am excited to share with you that our program is underway! There were quite a few details to take into consideration when designing our accuracy program. Luckily for us we were
I have mentioned the critical importance of data quality in a few of my recent posts. This post is going to take a deeper dive into data quality. Why is data quality so important? According to Tom Redman (“the Data Doc), “Better data means fewer mistakes, lower costs, better decisions, and better products”. In fact,
In my last post, I wrote about what a data company is and what it is not. Now let’s discuss why you should use a data service company. There are many reasons to use a data service and I have already addressed some of these in previous posts, like how the team members that gather
As I previously mentioned, I have been thinking lately about what RateAcuity is as a company. Turns out the answer is simple. We are a data business. Period. So, what does that mean? We are defined as much by what we are not as what we are. We are not a SaaS (Software as a
As I mentioned in my last post, KFR Services is the parent company of RateAcuity. The inclusion of “services” in our name is not something that we take lightly. First and foremost, RateAcuity is a data services company. More about what a data services company means in a future post, though. Just as important as
In my last post, I wrote about the RateAcuity team and how we are unique. In this post, I am going to discuss our core values and how they help guide us each day. Core values is a phrase we hear of a lot. According to an article by Patrick Lencioni published in the Harvard
I’ve been doing a lot of thinking lately on what kind of company RateAcuity is. But I am concluding that who we are is as important as what we are. RateAcuity is a data company; although, I will get into that further in a future post. The “who”, the people, who make up the heart
While “going green” by reducing energy consumption or using renewable generation sources has become popular in recent times as the responsible thing to do to help the environment, let’s not forget it also helps save money. There are many ways people can go about helping the environment. Demand response programs are an attractive way to
More states are proposing and passing legislation to impose 100% clean energy. In February, Virginia became the most recent state adding to the growing list committing to 100% clean energy. Virginia joins California, Connecticut, Hawaii, Maine, Nevada, New Jersey, New Mexico, New York, Washington and Wisconsin, along with U.S. territories Washington D.C., and Puerto Rico
By Megan Geherin America isn’t generating electricity the way it did two decades ago. Recently natural gas has passed coal as the country’s leading source of electric generation. Renewables such as wind and solar have also made small but quick gains. However, each state has its own position with regards to the mix of electric
RateAcuity is excited to announce new report features requested by customers are now available. Enhancements include: Standardized Excel Report RateAcuity now includes a new report that will use a standard format for all schedules. The report will contain all possible output columns in the same layout each time, with relevant cells populated. Individual Effective Dates
The presenter, Stephanie Fetchen has compiled and expanded on her answers to the questions that came in during the Q&A session. All those answers can be found below, and if you have any further questions or would like to get in contact with Stephanie regarding Rate Acuity, electricity rates, or any other programs please contact
The presenter, Stephanie Fetchen has compiled and expanded on her answers to the questions that came in during the Q&A session. All those answers can be found below, and if you have any further questions or would like to get in contact with Stephanie regarding Rate Acuity, electricity rates, or any other programs please contact
The presenter, Stephanie Fetchen has compiled and expanded on her answers to the questions that came in during the Q&A session. All those answers can be found below, and if you have any further questions or would like to get in contact with Stephanie regarding Rate Acuity, electricity rates, or any other programs please contact
RateAcuity is excited to announce that rates for Canadian electric utilities are now available in our electric rate database. The addition of electricity rate schedules for Canada was developed based on requests we have had from many customers and potential users. Please see below for a list of Canadian utilities now included in RateAcuity. Alectra
Electricity prices for customers with rates that vary by time are typically highest when demand is highest. Increased demand requires additional energy generation, which is traditionally provided by less efficient peaker plants that cost more to generate electricity than base load plants. In most areas, these demand peaks occur during the summer months in the
Yes, or maybe? I thought it would be simple to answer this question, but it turns out it really is not. To determine if electric retail choice is working, we first need to determine what it was intended to do. The most frequent answer is to reduce electricity bills. So, is electric retail choice reducing
The presenter, Stephanie Fetchen has compiled and expanded on her answers to the questions that came in during the Q&A session. All those answers can be found below, and if you have any further questions or would like to get in contact with Stephanie regarding Rate Acuity, electricity rates, or any other programs please contact
Stephanie Fetchen’s article in Power Engineering discusses how electricity costs are a major factor in today’s business landscape and how accessing national electricity rates is key to optimizing energy management programs.
I recently began hearing the phrase “performance-based rate making”. I did some digging into what the phrase means and how it is being used in the electric industry. Performance-based rate making generally means tying electric utility revenues and profits to specific goals of performance, rather than the traditional process that creates rates based on capital
RateAcuity now enables access of historical electric power rates information through a customized API SUMMERVILLE, South Carolina–KFR Services announced key enhancements to its proprietary RateAcuity portal that specializes in delivering electricity rates to its Commercial & Industrial (C&I) customers. The enhancements to the RateAcuity electric power rates database now include archival features enabling access of
September 18, 2018 09:30 AM Eastern Daylight Time SUMMERVILLE, South Carolina–(BUSINESS WIRE)–KFR Services announced that it has upgraded its proprietary RateAcuity portal that specializes in delivering electricity rates to its C&I customers. KFR’s RateAcuity portal is specifically designed to provide accurate electric power rate information compiled from tariffs and schedules from electric utilities across the
Back in the day, utilities used to charge a flat rate for electricity. Now they use something called “time of use” (TOU) pricing in an effort to make market pricing more efficient. TOU pricing charges you based on how much energy you use, as well as the time that you use it. With TOU pricing,
As we shift from fossil fuels to renewable energy sources, having access to up-to-date, real-world data is more important than ever. This data contributes to energy planning, academic research and energy policy analysis, as well as consumers’ ability to participate in energy matters. Databases like RateAcuity store relevant, accurate information that helps people understand what
Now that the election is over, scientists and environmentalists around the country are trying to discern how a Trump presidency will affect the energy sector. It’s tough to make any calls at this stage. After all, what someone says on the campaign trail doesn’t always match what they execute in office! One thing is clear:
After months and months of political ads, debates, news reports and projections, the election is only a week away. Regardless of where you stand, one thing is clear: Hillary Clinton and Donald Trump take very different stances when it comes to energy. As our energy usage evolves, RateAcuity can help you stay on track with
Prior to working for a company that provides electric rate data to companies in the energy industry including utilities and solar energy providers, I had no idea that the sun, the energy grid and politics would share headlines and airtime in important conversations. But I have learned that each often appear alongside each other in
I recently read a blog written by Jack Uldrich titled, 39 Things That Should Keep Up Every Utility Executive At Night. The blog post was written in 2013, but the 39 things he listed as sleep busters, I would bet are probably still the top reasons in 2016 for sleep loss among many in our industry
Welcome to 2016! As we enter a New Year we are greeted by an onslaught of predictions for the New Year, along with an equal number of articles that offer us a look back at the key topics for 2015. I find it enlightening and interesting to read these articles as I prepare for the
