In this article, we explain how the cost ranking works, its applications, and what is required from you as a customer to generate data in it.
What is the Cost Ranking Report
The Cost Ranking Report is designed for a more detailed ranking of costs and their various components. Currently, it supports ranking the cost of electricity and the overall categories of utility cost, trade cost, and tax. The network cost is further divided into different cost components such as fixed cost, variable cost, power fee, and penalty fee. It is possible to rank the network cost based on one or more of these categories (see the image 1).
Image 1. In the Cost Ranking, you can choose to rank based on trading or utility cost, as well as the various components of the utility cost.
The logic for selecting the properties from the node tree structure that you want to view in the report is the same as for the 'Ranking' report.
In Report Settings, you can filter data based on Property, Operations, Comparable Portfolio, Period of Ownership, and Data Coverage.
We support currencies SEK, NOK, DKK, EUR, and PLN.
Why Use Cost Ranking?
Cost ranking can be used to identify properties with the highest electricity costs. It may not necessarily yield the same ranking as when looking at the electricity usage ranking. This provides clarity on whether you have a good or bad cost agreement for the property, prompting a review if necessary. Looking at different period and reference periods can be used to observe how costs have evolved over time, such as after changing electricity agreements.What is Required from You as a Customer to Generate Data in the Report
There are two ways to include cost items in the portal for the cost ranking.
1. The first option is to enter your own cost agreements in the Cost and environmental agreements module and connect them to properties or meters. Then you also need to tag the meters correctly with e.g. ex. fuse size or subscribed power. A little more manual work is required for that option.
2. Or you can choose to have Mestro import your actual costs via your financial system. Talk to your Customer Success Manager or email success@mestro.com to learn more about this option!
That concludes this article. If there are still uncertainties, feel free to contact our support at support@mestro.com, and they will assist you!