Tag: energy pricing

Trust and pricing: a complex relationship | Utility Week

Trust and pricing: a complex relationship | Utility Week

In response to the ongoing issues with trust, Utility Week established the Customer Trust Council in 2017, in association with WNS Global Services (WNS). It works with energy suppliers, networks, water companies and consumer representatives to explore what has gone so badly wrong – and what the industry can do to fix it. At the […]

Draft rules to make oil pricing transparent out | BusinessMirror

Draft rules to make oil pricing transparent out | BusinessMirror

AS continuing price surges have shifted public anger mostly to the TRAIN law that mandated higher fuel excise taxes, the government moved to require a more transparent, unbundled system for informing people of the breakdown of petroleum product prices. The Department of Energy (DOE) has released the draft rules on petroleum price monitoring, meant to […]

Exclusive: Bonuses slashed at Schlumberger as ‘pricing pressure’ continues | Energy Voice

Exclusive: Bonuses slashed at Schlumberger as ‘pricing pressure’ continues | Energy Voice

An employee at the testing services division in Aberdeen said the move had heightened concerns that the company intends to shut down the operation. Schlumberger confirmed that it would be “realigning” bonuses to offset “continued pricing pressure”, but said there were no plans to remove testing activities from the north-east. … He said bonuses had […]

Laugfs Gas urges Govt to introduce transparent mechanism for LPG pricing | Lanka Business Online

Laugfs Gas urges Govt to introduce transparent mechanism for LPG pricing | Lanka Business Online

“On the long term, there will continue to be global price volatility and other macro-economic factors, which are largely unpredictable, affecting the local LPG Industry,”Thilak De Silva, managing director, LAUGFS Group said. “Therefore, we believe a fair and effective pricing formula based on key indicators would help address this situation, where consumers would be able to enjoy […]

Massachusetts Rejects Smart Meter Rollouts, as Competitive Energy Undermines the Business Case | Greentech Media

Massachusetts Rejects Smart Meter Rollouts, as Competitive Energy Undermines the Business Case | Greentech Media

The problem is that each utility customer that switches to a non-utility energy provider is no longer part of each utility’s list of prospective time-varying rate (TVR) adopters, even though the utility paid for the smart meter that made them available. And while third-party retailers and municipal aggregators could offer TVRs of their own, “there […]

Study: Money trumps morals for getting customers to save energy | Energy News Network

Study: Money trumps morals for getting customers to save energy | Energy News Network

Ultimately, researchers concluded that utilities should use a combination of both customer messaging and dynamic pricing. Since 2007, ComEd and Ameren customers who participate in opt-in hourly pricing programs have saved $27 million while reducing greenhouse gas emissions, according to Elevate Energy, who administers the program. Still, today, most utility customers pay an average price […]

Lessons From a Solar Bidding Platform: Higher Quality Beats Lowest Price | Greentech Media

Lessons From a Solar Bidding Platform: Higher Quality Beats Lowest Price | Greentech Media

Some solar installers have voiced concerns about a “race to the bottom” since we started inviting them to sell through our Solar Marketplace in 2013. Their reasoning sounds something like this: If consumers have easy access to multiple competing bids with transparent pricing, installers will be forced to undercut their competitors’ prices in order to […]

New technology will cut New York state’s emissions and utility bills | Crain’s New York Business

New technology will cut New York state’s emissions and utility bills | Crain’s New York Business

The right smart-home technologies can make these investments go further. Utilities, including Con Edison and National Grid, have innovated and enticed many customers to participate in efficiency programs. In addition, smart thermostats are foundational for other energy services such as demand response and dynamic pricing. Of course, the broader the engagement and participation, the greater […]

Complete Energy Democratization Is Coming. Let’s Get Ready. | Shift NewCo

Complete Energy Democratization Is Coming. Let’s Get Ready. | Shift NewCo

The underlying problem is that there aren’t many financial incentives for customers to buy smart meters (most customers who do have smart meters were required by their state, or were heavily subsidized, to install them). At present, smart meters don’t matter for most customers because they don’t make a difference to cost. Most customers are […]

Why a ‘zero discount’ energy bill could be your cheapest option | The Sydney Morning Herald

Why a ‘zero discount’ energy bill could be your cheapest option | The Sydney Morning Herald

Bill shock has become a common occurrence in the past two years as high electricity prices have slapped consumers with expensive power bills. Electricity retailers reacted by offering larger and larger discounts to drive prices down in order to attract customers away from other retailers. But, as the Australian Competition and Consumer Commission pointed out […]