UtilifeedPricing is a tool developed for evaluating and implementing new pricing models for district heating companies. The application supports several common price models out of the box, and more will be added. This means that with the press of a button you can see how different price logics would affect your business over time. Our prediction model EnergyPredict makes sure that the results are accurate all the way down to substation level.
EnergyPredict is our prediction algorithm for energy use in buildings and district heating grids. Through machine learning a model is created, which can consider hundreds of factors affecting the energy use of individual buildings as well as the overall network. This includes temperature, wind speed and direction, solar radiation, time of day and day of the week. For utility providers we currently provide these two microservices based on EnergyPredict:
Accurately determining whether customer demand for district heating has increased or decreased between years is a lot more difficult than it initially seems, because annual demand is affected by more than the overall outdoor temperature. For large networks, the sheer amount of data can also be a challenge, if one is interested in evaluating how individual substations have changed.
Our demand analysis tool makes it easy to mark a historical reference period and evaluate how demand has changed in subsequent years. The algorithm will calculate an expected demand for each substation, assuming characteristics are equivalent to the reference year, and a comparison with the actual energy use will show how the energy efficiency has changed.
We have many additional applications planned that will be of interest to district heating utility providers. If you have the ambition to be at the forefront of the digitalisation in district heating, or you are simply interested in smart solutions that improve efficiency, economics, data insights and customer relations, contact us and let us show you what we can do. We welcome interested parties to be a part of our development process as we create tools to benefit actual district heating companies active on the market today. We will be responsible for the full development cycle, while you gain the opportunity to alter our priorities, detail your needs and be the first to benefit from any results from the application.
We have many interesting services in the pipeline. Keep an eye on our news feed for all exciting new developments.