Managing Tariffs
Managing tariffs involves setting and adjusting pricing for utility services to ensure accurate billing and revenue optimization. This includes configuring standard tariffs based on factors like consumption patterns and regulatory requirements. The application also allows you to create special tariffs to address specific needs or circumstances, such as seasonal variations or promotional offers. For instance, a special tariff could be configured for electricity billing, increasing the unit price by INR 2 across all usage slabs during the months of April and May due to increased demand or cost fluctuations. By managing tariffs effectively, the application ensures fair pricing, regulatory compliance, and customer satisfaction while maximizing revenue for utility providers.
The following video will walk you through the process of creating a new tariff, including setting up billing information, configuring default and seasonal tariff details, and saving the new tariff configuration for accurate utility billing.