Utility Consolidated - Bill Ready Model

Learn about the Bill Ready model flow.

In the Bill Ready model, the utility calculates the usage and communicates it to the Supplier. The Supplier then calculates their own charges and sends these line items back to the Utility to be added on the invoice. The Supplier also receives the meter reading and the electronic copy of the invoice from the Utility. When the Customer pays the Utility for all the charges, the Utility sends the payment to the Supplier. The Utility uses “Pay as you go” where the payment is sent to the Supplier as soon as it is received from the Customer.

In some cases, the Utility offers a “Purchases of Receivables” (P.O.R.) program where it guarantees payment of an agreed percentage of the outstanding receivables.