GridX provides a cloud‑native rate engine that models any electric or gas tariff—including time‑of‑use, demand‑response, and renewable incentives—with sub‑cent accuracy and processes up to 50 million bills per day. The platform includes a design workspace, automated quality‑control analytics, and RESTful APIs that integrate with existing customer information systems to deliver real‑time cost breakdowns and personalized clean‑energy scenario visualizations for utilities and their customers.
Funding
Funding not disclosed
Founders
Product
Problem
Utilities face increasing complexity in designing, testing, and billing modern rate structures such as time‑of‑use, demand‑response, and clean‑energy tariffs. Legacy billing systems often cannot model these rates accurately, leading to billing errors, poor customer communication, and delayed adoption of renewable resources.
Solution
GridX delivers an enterprise‑grade rate engine that models any tariff configuration and computes bill impacts with penny‑level precision. The platform provides a design workspace for creating and validating rates, an analytics module that runs quality checks on every customer bill, and a set of APIs that expose real‑time cost data to downstream applications. By generating millions of bill calculations per day, GridX enables utilities to instantly show customers how their usage, EV charging, or solar generation affect costs, thereby encouraging clean‑energy choices. The solution integrates with existing customer information systems (CIS) to bill complex programs without replacing legacy infrastructure. Scenario‑building tools let rate planners visualize bundled clean‑energy options and tailor communications to individual customer segments. All calculations are performed in a cloud‑native, scalable architecture that supports high‑volume, low‑latency processing required for modern utility operations.
Target Audience
Primary customers are electric and gas utilities that need to design, implement, and bill modern rate structures, as well as their rate‑design teams, customer‑engagement groups, and billing system integrators.
Features
- Rate Engine™ capable of modeling arbitrary tariff structures, including TOU, demand‑response, and renewable‑energy incentives, with sub‑cent accuracy
- Real‑time bill calculation engine that processes up to 50 million bills per day across millions of meters
- Design & analytics suite for building, testing, and validating rates, including automated quality‑control checks and scenario analysis
- RESTful API (Empower) delivering per‑customer cost breakdowns, enabling integration with web portals, mobile apps, and third‑party CRM systems
- Visualization module (Explore) that bundles clean‑energy options (EV charging, solar, storage) and presents personalized cost impacts to end‑users
- Seamless integration layer (Calculate) that extends existing CIS/Billing platforms to support complex rates without system replacement
- Cloud‑native microservices architecture with horizontal scaling, high availability, and role‑based access controls for data security
- Audit‑ready reporting and export capabilities compliant with industry standards (e.g., NERC CIP, ISO 20022)