Modern energy reporting drives savings for non-smart meter customers at nearly 25% less cost than traditional Home Energy Reports
MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–An artificial intelligence (AI) Home Energy Reports solution has helped Rocky Mountain Power customers generate 41GWhs of energy savings. Less than one year after its introduction, by modernizing and personalizing customer engagement, the AI reporting solution has enabled Rocky Mountain Power to save energy equivalent to eliminating CO2 emissions from more than 31 million pounds of coal burned.
Bidgely’s non-smart meter disaggregation technology, which leverages machine learning from over 50 billion smart meter data points to disaggregate the consumption from monthly meter reads, delivered these savings at an average of approximately 4 cents per kilowatt hour – an approximately 25 percent cost reduction compared to conventional Home Energy Reports.
“We were searching for the next wave of customer engagement and a way to drive customers toward a digital, two-way dialogue with us,” said Clay Monroe, director of customer relations for Rocky Mountain Power. “With AI reports we are able to quickly shift from conventional methods of reporting, using general peer comparisons, to true energy empowerment with itemized energy bills and personalized savings tips, while at the same time moving customers to digital reports.”
In 2018, Bidgely replaced Rocky Mountain Power’s existing Home Energy Reports program with its AI-powered reports named iHERs. Approximately 330,000 customers across Utah, Idaho and Wyoming for the first time received itemized energy reports, over 50 percent of whom were moved to digital reports with the help of Bidgely’s iHER solution. In addition, all of Rocky Mountain Power’s 1 million residential customers were provided access to a web dashboard. This helped the utility reduce program costs by nearly 25 percent and drive digital engagement where customers experience a more robust, personalized offering to help them save energy. The program has resulted in 38 percent email open rates, 80 percent “Likes,” and the significant 41 gigawatt-hours savings from 330,000 digital and paper customers.
“Harnessing the power of artificial intelligence and digitalization helps utilities achieve their common goal of a scalable, personalized experience for customers,” Bidgely CEO Abhay Gupta commented. “Rocky Mountain Power’s leadership in AI is resulting in success not only for energy savings and engagement, but it is delighting customers across their territory.”
Rocky Mountain Power’s television news interview showcasing their innovative approach to modern energy reporting can be viewed here: http://fox13now.com/2019/01/10/see-how-when-and-where-you-are-using-the-most-energy/
For more information about the Bidgely iHERs solution, please visit: https://www.bidgely.com/bidgely_home-energy-reports/
As the industry’s first enterprise energy analytics and customer engagement platform provider, Bidgely’s utility artificial intelligence (AI) solutions transform utility meter data into business intelligence for optimizing shareholder value, personalizing the customer experience and modernizing the grid. Bidgely’s mission to be a trusted AI partner helps utilities solve daily challenges related to home energy management, customer satisfaction, operational efficiency and new revenue models. With roots in Silicon Valley, the company has raised over $50M in funding, retains 30+ data scientists and brings a passion for AI to utilities serving residential customers around the world. For more information, please visit www.bidgely.com or the Bidgely blog at bidgely.com/blog.