When comparing and analyzing natural gas rates and tariffs, you must keep up with the latest changes in rates to make informed decisions. But manually searching through the websites of regulators and utilities is tedious and time-consuming. Using an online tariff database like RateAcuity, on the other hand, makes the process much easier. You should explore the benefits of using an online tariff database like RateAcuity to track changes in natural gas rates. Here are the top advantages.
Time saved
One of the most significant benefits of using an online tariff database like RateAcuity is the amount of time it saves. Instead of spending hours searching through various providers and tariffs to find updated rates, you easily access the latest rates on RateAcuity’s platform. This is especially useful for businesses that need to quickly adapt to changing market conditions and make timely decisions.
Budget saved
Time is money, and by using an online tariff database like RateAcuity you save both. With quick access to the specific schedules and rate components you care about (particularly if you use an API), you view updated rates without the need to pay for costly consultant services. This is especially beneficial if your business is small, of if you have limited resources.
Expediency
Using an online tariff database like RateAcuity is also incredibly convenient. The platform is easily accessible from any location with an internet connection, making it an ideal option for busy analysts and those who are unable to physically visit multiple regulatory and utility websites to look up the latest rates. This convenience helps your business stay up to date with the latest natural gas rate changes and make informed decisions quickly.
Accuracy
RateAcuity provides timely and accurate data on natural gas rates, ensuring that your users have access to the most up-to-date rates. This prevents the errors and inaccuracies that arise when conducting manual searches (no copying-and-pasting or re-keying of data needed). Also, RateAcuity’s team of experts ensures that the data is clean, organized, and up to date.
Filtering
RateAcuity offers the ability to filter results by provider and rate type, making it easier to find the most relevant results for your individual needs. This feature saves businesses time and helps them identify changes that are most relevant to their operations.
Comprehensive data
An online tariff database like RateAcuity provides users with comprehensive data on natural gas rates, including information on rate structures, pricing, and fees. This data helps you make informed decisions when researching rate changes, and also provides valuable insights into market trends. The best databases also supply historical data.
No bias
Finally, RateAcuity provides unbiased information on natural gas rates, as the company is not affiliated with any state regulator or utility. This ensures that you receive objective information when looking for the latest changes in natural gas rates. By using RateAcuity, your business can be confident that you are getting accurate and unbiased information that helps you make informed decisions based upon timely data.
Conclusion
Using an online tariff database like RateAcuity delivers numerous benefits when reviewing natural gas rate changes. From time and cost savings to convenience, accuracy, and access to comprehensive and unbiased data, using RateAcuity makes the process of tracking changes in natural gas rates easier, more efficient, and less expensive.
Whether you’re a small business owner or a large corporation, using an online tariff database like RateAcuity helps you stay up to date with the latest changes in natural gas rates, and helps you make informed decisions that positively impact your bottom line. If you need help choosing that database, read about Eight Mistakes to Avoid When Choosing an Electric and Gas Utility Rate Database.