Revenue losses are a major concern for all energy providers. LODESTAR Corporation, a provider of software solutions for the energy industry, has announced that its LODESTAR® Meter Data Management™ (MDM) product includes integrated revenue protection functionality. This enables energy providers to identify potential revenue losses to maximise revenue through comprehensive analysis of energy usage patterns.
MDM alerts energy providers about premises with energy usage patterns that are outside defined tolerances, thus enabling utilities to address incidences of energy theft and inaccurate data. Standard rules to identify potentially slow meters, stopped or reversed meters, and theft are included in the MDM product. The application also includes functionality to examine usage trends and anomalies, identifying meters that are set up incorrectly or have been tampered with.
MDM is designed as the single enterprise database of record for both meter data and revenue protection events. Among other benefits, MDM enables real-time access to revenue protection events and analysis tools; accelerated cash flows through faster and more accurate bill generation; increased revenue due to revenue protection checks; and reduced service order costs by prioritising revenue protection leads for field personnel.