Cost-Effective Preventive Maintenance with ST-3/XT3 for Revenue Protection
Why preventive maintenance testing performed with the ST-3/XT3 is a cost-effective approach to utility revenue protection?
The core business of utilities is the sale of energy, most of the net benefits are concentrated on a handful of clients denominated as Commercial & Industrial (C&I). They represent a small percentage of utility customers, but account for the largest volume of energy consumption.
Revenue protection is an important part for any business that operates over an extended period of time. When it comes to the commercial and indultrial (C&I) market, it is imperative to maintain peak performance installations at all times. Undetected problems in the C&I market can result in exponential revenue loss for every month that a problem goes unresolved.
The revenue loss equation is quite simple
Energy consumption x Rate x Error % x Number of months = Revenue Lost
The potential risk for a customer installations range from simple wiring problems to defective installations, faulty equipment and even tampering.
As opposed to damage control, routine inspection or preventive maintenance has two positive impacts,
- Allowing utilities to detect these issues before they ever impact their ROI
- Providing the baseline to analyzing future test results.
Addressing quality concerns early in transformer-rated installation by means of preventive maintenance is a good approach to revenue protection.
Boosting customers confidence
As opposed to damage control, implementing a quality assurance program is a proactive avenue to address quality concerns by means of preventive maintenance, thereby lowering the risk factor for utilities and boosting customers confidence.
Preventive maintenance is a smart way to catch failures, such as rusty wires, faulty installations, defective equipment and tampering, before they become real problems.
All of this is made possible and accessible to utilities who opt for the right socket-type site tester.
Probewell Lab: WHITE PAPER
Analyzing Instrument-Rated Sites for Revenue Loss Prevention
In-depth examination of the true cost of several common problems for electric utilities, and how to prevent them with minimal impact on productivity while increasing infrastructure efficiency.
Common reasons for revenue losses in the electric utility industry:
- Incorrectly installed CT
- Shorted CT
- Degrading CT
- Open CT
- CT nameplate error
- High burden
- Loose connections
- Power theft
Probewell’s Transformer-Rated Site Tester Enhance Utilities ROI on the Go
Complete site diagnostic within 20 minutes (including setup time)
In addition to revenue protection, hense having a better ROI, being able to perform inspections in 20 minutes or less, instead of 2 hours, allows electrical companies to invest more in preventive maintenance without affecting there bottom line since the inspection process is six time faster.
This is only possible given that technicians spend less time per test. In reality, the inspection process will be accelerated if the transformer-rated site tester is sufficiently intuitive for the field team.
+ Make full data-driven assessment of CT and PT performance
+ Get timestamped traceable reports
+ Enhance productivity with task automation
+ Share your findings instantly (CSV or PDF)
+ Get actionable insights to enable fast, effective response and maximize productivity
+ Never compromise safety
Key Takeaway
Probewell socket-type wireless field testers are the baseline for utilities looking to minimize risk while enhancing their productivity and profitability on the go.
It allows you to perform a site diagnostic by thoroughly assessing electrical installations, securely records, and easily share critical insights needed to help make evidence-based decisions. All the while minimizing risks, enhancing team productivity and time management
If you need any assistance:
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1.866.626.1126
1.866.626.1126The “How to Buy” section can provide further information and answer most questions about our process.
If you own an older model of our product, you may qualify for a discount, ask about our Trade-in program or click here to visit our Trade-In program information page.
