There exists an experienced team of qualified specialists at ii3P offering expert consulting services in:
Utility Rate Making: We provide technical advice to meet our clients challenging ratemaking/setting and regulatory needs for public utilities. We are reliable partners to help our clients realize economic value from the ratemaking process.
We extend our long span to investor-owned utilities, public power and water entities, energy marketers and financial institutions.
Utility rate analysis: We do comprehensive evaluation of options and methods for reducing utility costs, effectiveness and efficient use of utility services. We review, appraise and assess special utility service arrangements. We meet our clients’ challenges in assessment of utility costs by among others developing facility-specific bill simulation models to determine the financial impacts of rate changes, market prices, or new or amended utility contracts. We use this approach to validate utility costs, contract terms and conditions, rate charges, rate design components, rate case intervention, contract negotiation and procurement assistance.
At ii3P, while providing our services, we assist our clients in supporting the development of rates that are: economically efficient, equitable, and competitive transparent and fair in their balance of payments to the utility. We have unrivaled capabilities in the analysis of revenue requirements, class cost-of-service studies, rate of return analysis and rate design.
Contract Negotiation: Utility markets are continuingly becoming more sophisticated and complex. As such, the opportunity to negotiate more favorable utility contracts also increases. We provide supporting role to clients while negotiating these complex deals to create the most cost-effective supply arrangements available.
Utility Procurement & Options: Procurement of public utilities has become increasingly complicated due to the growth of competitive regional markets, treatment of unbundled utilitity service utilization products such as ancillary services and capacity, recognition of demand resources, use of renewable energy portfolio standards, and increased use of financial instruments as a mechanism to hedge price risk. We provide our clients with various procurement options to achieve value for money. We provide direct procurement and contract negotiation skills to our clients in the continually evolving competitive utility acquisition markets.
Regulatory & Policy Analysis: The Utility industry is uniquely sensitive to the regulatory environment calling for an expedient intervention by governments, non-governmental organizations and businesses to perpetually respond to regulatory and policy changes affecting the utility sector. At ii3P we provide technical assistance in the areas of regulatory and policy analysis and strategy. We have handled this while appreciating the emerging issues like: Industry restructuring, Industry re-regulation, unlimited and open accessibility, privatization of utility systems, development and evaluation of performance-based and mechanisms for utilities and integrated resource planning and analysis of renewable energy, energy efficiency, and climate change policies.
Forecasting: Forecasting is becoming a critical function that is ever more valuable in management and provision of utilities. Utility service assets are increasingly becoming expensive to construct and therefore forecasting has become a critical method to avoid development and maintaining of excess capacity which can exponentially increase costs to ratepayers. On the other hand generating capacity shortages can entail excessive purchased utility service costs and hence affecting system reliability. At ii3P we know that long-term load forecasting requires skills and experience to efficiently develop, analyze, and apply data from multiple sources to accurately forecast demand needs over the planning horizon. We can do this for you through collection and preparation of data, development of econometric models, econometric estimation of equations, development of base case forecasting assumptions, development of alternative scenarios, running the models to calculate the forecast and report preparation.