One of your ideas has been delivered from your suggestion.End-of-Event Settlement for Commercial Customers

Currently the application can be configured to only process a single, cumulative settlement at the conclusion of a program season (for example, at the end of a summer) for customers enrolled on to commercial demand response programs. This feature introduces the capability to configure end-of-event settlements for commercial customers. It enhances how commercial settlements are managed within demand response (DR) programs by introducing support for demand-based reduction calculations on a per-event basis. 

Given that commercial settlements are typically calculated based on the demand (kW) reduction achieved during an event, this feature modifies the existing program settlement rule to support this approach immediately following an event. The program settlement transaction, which represents the credit to be applied to a customer's bill, is now enriched with more detailed data. It will now capture and display the following key metrics for each event:

  • Max Drop: The highest kW reduction achieved by the customer at any point during the event.
  • Min Drop: The lowest kW reduction achieved, providing a baseline for performance.
  • Average Drop: The average kW reduction maintained throughout the event's duration, a crucial metric often used for calculating total credit.

You can now perform "end-of-event" settlements, providing a clear, rapid, and transparent view of performance and earnings for commercial customers participating in demand response (DR) programs. This allows you to measure, verify, and settle a commercial customer's performance immediately after each individual DR event. By providing timely financial feedback, you can improve program transparency and customer engagement. This encourages commercial customers to actively participate and optimize their energy reduction strategies for future events, leading to more predictable and reliable load shedding.

Steps to Enable

You don't need to do anything to enable this feature.

Tips And Considerations

To configure this feature, refer to About Program Event Settlement Transactions in the Oracle Utilities Digital Asset Cloud Service/Digital Asset Management Business User Guide for more information.