Why Does an RCM Process Make so Much Difference in Costs and Revenues?
RCM changes electric provider economics drastically because it: • Changes cost of service, revenue and profitability focus from customer classes (residential, commercial, industrial) to individual customers providing insights and options not previously available • Quantifies demand and supply relationships so that the most beneficial pricing strategies, demand response incentives, distributed generation and other program parameters can be determined accurately for individual market segments • Integrates diverse options such as strategic pricing, demand response, load management, and distributed generation in a simultaneous analysis process so that interactions are taken into account automatically • Identifies specific actions which electric providers can undertake to reduce costs and increase revenue • Permits immediate responses to changes in market conditions. RCM in the electric industry represents the same kind of transformation that it did in the airline industry: moving from a qu
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