Leading utilities are taking TRM’s to the cloud
Jan 18, 2016
Today’s utility DSM initiatives are continuously challenged with budgetary pressures, rising energy savings targets, regulatory reporting requirements and customer satisfaction goals. To help address this, utilities and state regulators are increasingly looking to leverage an easier, more effective and secure software approach that is capable of streamlining end-to-end DSM business processes. This includes capturing, organizing and managing their full set of energy efficiency measures, DSM measures and supporting documentation.
Question: How is your utility coping up with evolving demand side management (DSM) regulations and heightened scrutiny? A major challenge for utilities using manual methods today is finding a transformative way to maintain and manage DSM measures in TRMs, as well as reporting for regulatory stakeholders to view measures, savings values, attributes and supporting documentation for DSM program filing and and/or approval.
To address these challenges, leading utilities like Ameren are leveraging DSM business process and measure data management software, and analytics to streamline and consolidate the management of their measure data across their DSM business portfolios. This means confidently reporting program performance to regulatory authorities and stakeholders, and justifying new investments through up-to-date information and enforcement of business rules.
A centralized consolidated repository of all DSM and efficiency measures has been proven as a game changer for both utilities and regulators since it can easily and securely help manage the multitude of issues related to measure data including the maintenance and update of both the programs and uniform measure assumptions, and data consistency among the utility and state regulators to improve their overall performance. Utilities can ensure cost-effective program administration and data management across the portfolio along with improved visibility and reporting. This further ties in to how program portfolios can be easily planned and optimized for maximum energy savings by adjusting program scenarios for optimal cost-effectiveness. By taking TRMs to the cloud, utilities and state regulators both benefit from ease of use, better visibility, lower costs, and being on the same page.
Check out this DSM best practices webinar featuring Ameren Missouri that talks about utility challenges with manual TRM and measure data approaches, key benefits of cloud-based software, and how this is being automated through new measure data management software systems.
Key question for you and your utility to think about–“Considering the current DSM program trends, how does your utility envision integrating software based approaches into your DSM program planning, management and evaluation processes going forward? “