Energy billing and trading is a complex process. It involves many stakeholders, regulations, and processes that need to be carefully managed to ensure accuracy and efficiency.

In the Philippines, the energy sector is regulated by the Department of Energy (DOE), which sets policies and guidelines for energy billing and trading. However, like in many developing countries, the energy sector in the Philippines can be subject to challenges such as limited infrastructure, high costs, a lack of technology and systems to support effective billing and trading, and more.

With DOE’s efforts to switch from fossil fuels to clean energy and power supply shortage, we expect a rise in the number of energy producers in the country. And many of these energy companies are struggling to acquire a high operational efficiency and cost-effective Energy billing and trading system.

Here are some common issues that can affect the operational efficiency of energy companies in their billing and trading operations:

1. Difficulty in Marketing
   a. Manual tracking of customer allocation from generating facilities
   b. Lost opportunities for possible engagement with new customers
2. Trading and Billing Data Synchronization
   a. Companies are having difficulty tracking trading and billing transaction data.
3. Data Management Process
   a. Difficult monitoring and validation due to multiple data sources such as spreadsheets, email, and multiple databases across systems
4. Real-time data integration is minimal to non-existent
   a. Companies face challenges in achieving real-time data integration to NMMS, CRSS, PREMS, and other IEMOP and PEMC-related open applications, and other data sources.
5. Dynamic Billing Computations
   a. Energy companies are having problems in the manual process of creating complex billing computations per customer/client

Overall, these are some of the general issues that can affect the operational efficiency of energy companies in billing and trading and can have a negative impact on their financial performance, customer satisfaction, and market competitiveness.

With this in mind, it is best suggested that every energy company have a platform that can effectively manage crucial billing and trading operations. A platform that can increase overall system efficiency, is ready for integration, resilient, fault-tolerant, and won’t set you back an arm and a leg.

That’s why we’re here to help energy companies like you!

Exist Software Lab’s Full Cloud-Based Energy Billing and Trading Solutions!

Our Energy billing and trading solution is infrastructure-agnostic and fully scalable. It has ready access to NMMS, CRSS, PREMS, other IEMOP, and PEMC-related open applications, as well as other data sources.

If you’re losing your sleep over complex billing, worry no more! Because we can help you create complex computations for each customer with our template-based billing computations formula engine/builder.

Our cloud-based energy billing and trading platform can increase the efficiency of your system and improve overall operational performance; here are some of the benefits you can achieve:

1. Easily Comply with WESM rules – Avoiding WESM penalties can save energy companies significant amounts of money, as penalties can be costly and may affect their reputation and ability to do business. By investing in an efficient billing and trading system, energy companies can improve their compliance with WESM regulations, avoid penalties, and maintain their trading privileges, ultimately resulting in cost savings and a more profitable business.
2. Cost Efficient – Automating billing and trading processes can reduce the time and labor required to perform these tasks, which can result in significant cost savings for energy companies.
3. Increased Efficiency– Using cloud technology, energy billing, and trading can be streamlined and automated, reducing manual errors and increasing overall efficiency.
4. Timely – Achieve an efficient system that generates bills quickly and accurately.
5. Integration-Ready – Readily available connections to NMMS, CRSS, PREMS, other IEMOP, and PEMC-related open applications, and other data sources
6. Fully Scalable – A cloud-based platform can easily scale up or down as needed, accommodating changes in business growth and energy usage patterns.
7. Infrastructure-agnostic – Deploy on a bare-metal server, virtual machine, or any cloud provider as a service or container
8. Flexible Billing – Via formula engine/builder for template-based billing computations for each customer
9. Resilient and Fault-tolerant – Unaffected by a single failure due to fault isolation offered by individual modules
10. Customizable – Modules can be customized based on your business rules and requirements
11. Easy Monitoring – Your ultimate solution for seamless payment and collection management
12. Infrastructure-agnostic – Deploy on a bare-metal server, virtual machine, or any cloud provider as a service or container

Overall, managing energy billing and trading can be a bit challenging, but with the right system and partner in place, you can manage your operations a lot more efficiently.

We can be the best partner for all of your Energy System needs!

Developing new systems can be a complex and challenging process, especially when it comes to technology and energy markets. Our organization has the necessary expertise and experience to guide and help organizations carry out new solutions, such as developing a new system for their day-to-day operations with Phil Renewable Energy Market System (PREMS) and Wholesale Energy Spot Market (WESM) systems.

We are dedicated to the development of energy systems for Traditional generators, RE generators, RES, distributors, WAG, SOLAR, and RES. FirstGen, Meralco, Energy Development Corporation (EDC), San Buenaventura Power LTD.Co. (SBPL) , and many others are among the clients we have worked with over the years.

Energy Billing and Trading Automation are one of our primary solutions. We recognize the growing importance of energy trading in today’s world and the need for reliable billing systems to support this industry. That’s why we work closely with energy companies to create a fully integrated, scalable, and cloud-based billing and trading system.

Our solution is designed to be resilient and fault-tolerant, providing you with the peace of mind to focus on running your business with minimal intervention required. Don’t wait any longer, experience the benefits of an integration-ready, fully scalable, and more with our Energy Cloud-based Billing and Trading System today!