TrueLight Energy Introduces New Price Verification Service

BOSTON, Sept. 17, 2018 /PRNewswire/ -- TrueLight Energy announced today the introduction of Price Verification Servicedesigned to help retail energy suppliers verify the accuracy of their pricing models.

Price Verification Service is based on an affordable subscription-based model that allows retailers to spot-check and verify price quotes from an independent, market-tested pricing model supported by TrueLight Energy's team of pricing experts.

The service is simple to use. A retailer may select to periodically send pricing input data from actual retail deals or sample prototype deals to TrueLight Energy who will create a retail price based on TrueLight's proprietary energy pricing data and methodologies. TrueLight's pricing output will be promptly returned to the retailer with a written assessment of any notable variances vs. the retailer's price.

According to TrueLight Energy's VP of Operations, Elliott Chorn, the benefits are significant."Our Price Verification Service allows retailers an easy and affordable way to verify the accuracy of their pricing model and to appropriately calibrate it based on an independent, expert assessment that can be implemented on an routine basis. In a world of compressed margins and tough competition, pricing accuracy has never been more important. This service can be an important financial safeguard for retailers by creating an audit of the accuracy of their pricing model."

Price Verification Service covers all deregulated power markets and is appropriate for deals of any size and is one of a portfolio of pricing, energy data and analytic solutions offered by TrueLight Energy.

Last updated: Apr 7, 2020 at 01:11 pm CDT