Excerpt
This function helps the consolidation of invoices for a number of off-takers, enabling asset managers to customise the distribution of venture credit effectively. Automation and a centralized data hub guarantee easy accessibility to off-taker data and streamlined bill administration.
Deep Dive
PowerHub not too long ago launched a brand new function: consolidated invoicing for Internet Metering Credit (NMC).
This new functionality is designed to streamline the best way asset managers handle their renewable power portfolios, making it simpler and extra environment friendly than ever earlier than.
So, what’s web metering?
Internet metering is a coverage that lets photo voltaic system house owners feed extra electrical energy again into the grid, incomes credit for this surplus power. These credit can then be used to offset future electrical energy payments, successfully “banking” surplus power for later use.
Which means that people and companies can generate their very own clear power, decreasing their dependence on standard energy sources and selling using clear power.
New options for web metering credit
Now, let’s speak about how PowerHub’s new merge function makes life simpler for asset managers.
First, it helps consolidating invoices with a number of off-takers for a venture. This implies asset managers can subject invoices to a number of off-takers concurrently, saving them a ton of guide effort.
Plus, PowerHub has this cool function that lets asset managers set up an off-taker hierarchy so asset managers can subject consolidated invoices to a single entity. This makes it tremendous simple to trace all their off-takers and contracts.
With PowerHub, asset managers can customise the distribution of venture credit amongst a number of off-takers and their respective utility accounts. Asset managers may even set completely different charges and prices for various off-takers and alter a number of off-takers concurrently.
This simplifies the administration of Internet Metering Credit, making it simpler to subject consolidated invoices to a single entity whereas nonetheless providing a custom-made distribution of venture credit amongst a number of off-takers and environment friendly monitoring of excellent funds.
Better of all, PowerHub automates issuing and producing invoices primarily based on predefined schedules, so asset managers don’t neglect to ship them out. Let’s take a better take a look at a number of the different key options of PowerHub’s consolidated invoicing for Internet Metering Credit:
- Offtaker Hierarchy: PowerHub has established an off-taker hierarchy, permitting for the issuance of consolidated invoices to a single entity for a number of off-takers.
- Centralized Info Hub: Vital off-taker contact data is saved in a single accessible location, guaranteeing easy accessibility and upkeep and selling environment friendly knowledge administration.
- Custom-made Credit score Distribution: The platform permits the custom-made distribution of venture credit score amongst a number of off-takers, allocating income and credit score breakdowns by every off-taker, together with their contribution proportion in an allocation desk.
- Automation: PowerHub’s automation options embrace automated issuing and producing invoices primarily based on predefined schedules, facilitating simple revision or reissuance.
- Effectivity: The platform permits environment friendly monitoring of excellent funds, simultaneous issuance of invoices for a number of months, and direct export of invoicing information and income knowledge for accounting functions.
Renewable power asset managers who’ve already taken benefit of this new function have been thrilled to see how PowerHub continues innovating and offering options that make their jobs simpler and extra environment friendly.
We perceive the ache factors of asset managers working tirelessly to scale their companies and do every part we will to make their day-to-day duties as clean as doable.
The consolidated invoicing for Internet Metering Credit function is only one instance of how PowerHub helps to streamline operations and enhance effectivity within the renewable power trade.
For extra data, e-book a demo.
