Providing consumers with price incentives to use power efficiently

eMeter's EnergyIP software has set the foundation for the first mass market application based on real-time interval meter data with the release of EnergyIP version 6.0.

EnergyIP version 6.0 is marketed globally in partnership with Siemens and other system integrators.

Referring to real-time interval meter data, Cree Edwards, CEO, eMeter said the development is absolutely fundamental to the premise of energy efficiency and demand response.

The usage of power efficiently depends on options like time of use (TOU) and critical peak pricing (CPP) programmes where power prices reflect the real time-variable costs of energy, including future carbon costs.

In this context, Edwards said that these types of pricing programmes cannot be implemented without interval data and usage-based billing and added that EnergyIP is the leading application software supporting real-time interval data management on a massive scale.

The new version also covers the requirements for complex commercial and industrial (C&I) billing using interval data from these accounts. Functionality to support consumer solar and other renewable energy initiatives through the net metering processes is also in place.

These new functions are layered on a broad foundation of real-time processing that includes event handling, VEE (Validation, Estimation & Editing), and Billing Determinant computations.

Version 6.0 also supports connectivity to 17 different Advanced Metering Infrastructure (AMI) systems from leading providers such as Elster, Landis+Gyr, and Sensus. These off-the-shelf adapters allow utilities to choose a wide range of AMI technologies without custom coding and without the future headache of maintaining custom code.