True-Up
Finance users are encouraged to take advantage of the true-up feature, which makes adjustments to billed amounts of energy consumption versus actual amounts. If there is a quarterly or yearly reconciliation process with customers, they would have the chance to see if there's any need to issue a settlement invoice separately and charge additional fees. This feature helps customers maximize profits, as sometimes there are discrepancies between when invoices are sent out and the final values reflected on Revenue Grade Meters that Mana records.
Once a PPA Invoice has been generated, it is “booked” and saved to the True-Up page. On this table, financial asset managers can observe all monthly PPA invoices that have been booked across production sites for any particular year.
If they select a specific month, other useful information is also available, including Energy Billed (which is the amount of energy recorded at the moment in time when the invoice is generated) and Energy Current (which reflects the information on data readings from Mana). These two values may not always line up due to discrepancies in when data is being updated. Even when invoices aren’t booked under Energy Billed, the system still calculates the total energy that was actually recorded.
On the right hand side of the page, there are three red columns which indicate the summary of corrections that have been made across production sites. The “Booked” column reflects the sum of monthly booked figures. The "Current" column shows the total energy that was actually recorded by Mana. The "Settlement" column reflects the difference between these two values and thus indicates if there is any energy usage which was not reflected in the invoice.
If there are tabs in this spreadsheet which are labelled red, this indicates that there is a deficit between the amount of energy that was billed and the amount of energy that was actually measured. In these cases, True-Up helps clients to identify sites which report unbilled usage that they should follow up with to account for lost income. Clients are encouraged to use True-Up as much as possible to maximize their revenue.
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