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Increase Revenue Assurance

Challenge

Energy and water utilities around the world lose millions of dollars a year to theft and leakage. Revenue is also lost to inefficient operations, poor distribution system design and inadequate forecasting. For a utility feeling the pressure to lower operational costs, preventing unnecessary loss and assuring revenue is key to a healthy business. But for many energy and water utilities, theft, fraud and faulty distribution have become part and parcel of doing business. While tampering, leakage and over- and under-utilized equipment can be difficult to detect, the amount of savings recovered from lost revenue can considerably boost profitability.

Solution

Increasing revenue assurance starts with accurate metering. For electric utilities, tamper-resistant Itron solid-state meters equipped with automatic meter reading (AMR) endpoint technology provide more accurate meter reads than older electromechanical meters.

Meter data is also the platform for powerful distribution system tools that can help right-size new and existing energy equipment for the most efficient operation. For water utilities, Itron has an endpoint and collection solution that provides state-of-the-art tamper and leak detection. AMR technology helps all utilities—including electric, water and gas–bill customers accurately for the service delivered while detecting and deterring individuals bent on stealing services.

Utilities can also rely on Itron’s high-quality forecasting systems to enable them to obtain accurate usage information for the near- and long-term, which in turn helps them streamline operations and save money. And with our analytical applications, they can develop more dynamic rate structures that meet customer needs while at the same time improving their bottom line.

Benefits

  • Reduces reliance on estimated reads
  • Accelerates the revenue cycle and cash flow
  • Provides theft and tamper detection
  • Provides data for analyzing capital expenditures
  • Reduces resource loss
  • Creates opportunities for new services
  • Improves the accuracy of sales and revenue forecasts
  • Reduces financial risk
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