The electric industry is changing and customer rate structures must reflect how a utility’s costs are incurred to maintain the utility’s financial health. Turn to Utility Financial Solutions, LLC to learn how to charge customers based on usage patterns, relay accurate price signals, design rate structures that reflect the fixed and variable costs, and understand how technology advances and social and environmental objectives factor into rate designs.
Your Partner for Public Power Financial Analysis
Cost of service study, rate design, and financial planning for utilities.
Benefits
- Developing a strategic rate plan to meet long-term utility goals and properly recover costs
- Identifying rate options for utilities with and without AMI
- Using valuation and billing methodologies for rooftop solar customers and battery storage
- Setting appropriate rate structures and strategies for electric vehicle charging stations
- Evaluating customer and demand charges, time of use rates, real-time pricing, coincident peak demand rates, identifying marginal costs, and setting a proper price signal
- Ability to set special rates for economic development, rates for large customers, standby rates, rate structures to promote electric vehicles, etc.
- Understanding power cost adjustment mechanisms
- Developing standby rates for customers installing combined heat and power generators
- Educating staff, management, governing bodies, and customers about long-term rate strategies
- Understanding utility rate trends based on public power case studies
Features
- Cost of Service
- Rate Design
- Financial Planning
- Long Term Financial Projection
- Long Term Rate Tracking
- Time of Use Rate Structures
- Time of Use and Dynamic Pricing
- Cash Reserve Policies
- Line Extension Policies
- Update fees
- Financial Feasibility Studies
- Valuation Services
- Econometric Modeling Development
- Training Services
- Basic Cost of Service & Retail Rate Design
- Intermediate Cost of Service & Retail Rate Design
- Advanced Cost of Service & Retail Rate Design
- The Potential Impact of Smart Grid on Customer’s Rate Structures
- Understanding New Approaches to Retail Rate Designs
- Industry Rate Trends and Future Rate Structures
- Utility Ratemaking for Boards & Councils
- Overview of Utility Financial Operations for Boards & Councils
- Financial Planning for Municipal Utilities
- Coping with Financial Challenges During Periods of Declining Sales
- Rate Structures to Create Revenue Stability During Tough Economic Times
- Line Extension Policies (Contributions in Aid of Construction)
- Developing Cash Reserve Policies
- Maintaining or Improving Utility Bond Ratings
- Determining Utility Revenue Requirements
- Electric Vehicle Charging Stations
Cost of Service Research News
-
Utility Financial Solutions Discusses Dependence on Electricity
Learn More: Utility Financial Solutions Discusses Dependence on ElectricityLocal Electricity Delivered Straight to Your Door Written By: Jillian Jurczyk, Utility Financial Solutions I’ve heard it said that individuals of the current generation could not fathom life 100 years ago. Today’s society is integrated with technological innovation in almost every facet of life. We depend on computers, cell phones, appliances, and various forms of…
-
Direction For A New Age In Energy
Learn More: Direction For A New Age In EnergyTen years ago, a lot of questions and uncertainty clouded our vision of the future for the electric industry. We wondered about the shift away from coal generating resources, the place of natural gas in our supply mix, and the cost shift for highly demanded renewable resources. Electric Vehicles had barely penetrated the automotive markets…
-
Finance Fundamentals are Key to COVID Recovery
Learn More: Finance Fundamentals are Key to COVID RecoveryCurrent financial data on the impact of COVID-19 on community-owned utilities reveals several national trends and the need to factor in case-by-case issues during the analysis. Above all, the data makes clear that the best strategy for a strong recovery is following the fundamentals of utility financial management: develop key financial targets, make a plan…
