New budget tool released to measure the impact of energy reduction due to Covid-19

New budget tool released to measure the impact of energy reduction due to Covid-19

At TEC we are always looking at new ways to support our members and the immediate impact of the current pandemic is no exception, in fact it has heightened the need for new, up to date, information.

We have been analysing the gas and power, half-hourly data for March 2020 consumption, to see any trends caused by the Covid-19 pandemic. Whilst all our members have differing portfolios it is clear, in a large number of cases, that demand destruction has occurred. Typically gas first then power.

Whilst our frameworks protect our members from any volume tolerances it became clear that further budgetary support was needed.

TEC have received a number of requests for support in budgeting based on new volume scenarios. We have supported all via a variety of means. There is the optimisation tool in View that was designed to support demand reduction strategies and time of use changes. This utilised half-hourly data and we adapted it so you can use single, group or whole portfolio options for your meters. This didn’t pick up non half-hourly or gas.

We have designed, today released for all, a new report that covers gas, half-hourly and non half-hourly electricity supplies that allows you to re-forecast each fiscal meter based on any demand turn-down you see happening.

Please follow this link to the guide that shows you how to use it ECR Pandemic Volume Scenario Report

Your Member Services Advisor would also be happy to receive your call and take you through it.

We hope it is of use.

Regards

Your TEC Team