Demand Response Billing
The evolution of smart grid and smart metering technologies to drive energy efficiency and sustainability is continuing to gain momentum globally. Demand Side Response (DSR) is an innovative approach to meeting the challenges of managing increased energy demand across diverse network topographies, by building a reserve that the electricity market can call on during peaking events.
Gentrack Velocity provides the data management, billing and CRM tools for companies involved in DSR to engage with and manage a portfolio of Demand Response Providers, and monitor their performance in demand response events. Gentrack Velocity provides the flexibility to manage a variety of DSR models including among others:
- New Zealand Instantaneous Reserves market
- Western Australia Reserve Capacity market
- Australia’s National Electricity Market (NEM) Energy Pool.
Gentrack Velocity is designed to track the capacity each Provider makes available during peaking events, and using a set of pre-configured tariffs and process wizards, calculates the revenues payable to Providers. Gentrack’s DSR Billing software is built on a proven technology platform and architecture including support for Web services, enabling full integration with other backend utility systems.
Powerful Billing Engine
A powerful DSR billing engine handles large volumes of complex data with ease. Supports recipient created tax invoices (RCTI).
DSR Reporting and Audit
Includes a set of DSR performance reports to support DSR monitoring and tracking activities; also supports DSR data provisioning for audits.
Ease of Use
Billing automation improves accuracy and reliability of billing processes; integrated with wizards to streamline DSR management processes.
Support for multiple DSR models, each with a set of DSR factors and compliance requirements. Flexibility to support other DSR markets.
Data exchange tools based on SOA principles ensure flexible enterprise, market and web-portal integration.
Tools for managing contracts with DSR Providers as well as distributors’ contracts for acquiring DSR.