One of the challenges you face when comparing energy tariff data is the clock. Another challenge is accuracy.
If you are comparing energy tariffs manually, you know the steps required. First, you must gather bill info and usage from your customers. Then you must find tariff data manually, discover the right options, rate schedules, rates to be paid, and more. You then review within each tariff which options are usable. Finally, you must manually (or use a formula that you must create) calculate what each account pays.
There are costs and consequences of comparing energy tariffs manually:
- You waste time doing low-value activities instead of analysis
- You introduce additional risk of errors by copying and pasting or re-keying data from websites into your spreadsheets
- You increase risk of errors by doing your calculations manually
How firms like RateAcuity make energy tariff comparisons faster and more accurate
You’ll be encouraged to learn that there is a better, easier, faster way. RateAcuity is an electric and natural gas tariff database. It’s a highly accurate and cost-effective solution for your energy tariff comparisons.
You save time
The first thing you save with an electric and natural gas rate database like RateAcuity is time.Energy tariff databases do all the heavy lifting for you. They are the quickest way to gather utility rate data precisely because they host all data in one place, and because they are optimized for browsing and search. That’s why they exist.
After all, manually searching for energy tariffs on your own is time consuming because the websites of regulators and utilities are inconsistent. Then there’s the whole matter of formatting. These websites usually display their rates in Microsoft Word documents or Adobe PDFs. And these formats, as you know so well, are built neither for easy browsing or searching.
All of the data contained in energy tariff databases, on the other hand, is indexed and ready for you to search using a variety of fields. You find exactly what you are searching for with just a few clicks. That gives you back multiple hours each month.
You discover greater details about options
No two energy tariffs are the same. One offers Option A, another offers Option B, and yet another one offers Option C. Your job of finding these options manually and making sense of them is difficult and wastes a lot of your precious time. Energy tariff databases take away your pain by supplying these energy tariff options for you. You never have to hunt for them again. This saves you time and effort.
You download the data
Say goodbye to copying and pasting, and to re-keying of data. Another advantage of energy tariff databases like RateAcuity over manual methods is that the data is ready for download with just a few clicks. You don’t have to copy and paste anything into any spreadsheets ever again. Instead, all tariffs and all rate schedules are available to you for immediate download as Excel files. With a few clicks, you have the data you need, in the format you need, and you are ready to start doing some serious number crunching—sooner.
You get your analysis without effort
At least one energy tariff database that we know of (RateAcuity), comes with a value-added service that compares electric schedules for you so you don’t have to. You simply supply the customer usage information, and RateAcuity runs the calculations and delivers a report that compares rate schedule options for you. This add-on service saves you time, money and aggravation (and improves the accuracy of your analysis).
One of the ironies of the energy sector is that comparing energy tariffs wastes a lot of energy—yours. Since energy conservation is a priority for your business, comparing energy tariffs quickly and accurately should be a priority for you as well. That’s why partnering with an energy tariff database company like RateAcuity is a smart move. You save time, lower your costs, and improve your accuracy.
Learn more about how to How to Audit and Analyze Utility Rate Schedules Quickly and Thoroughly. Or, to explore your options, let’s talk.