New Rate or new Version?
Create a new RATE if:
- The vendor has changed and an existing rate is not available for the new vendor OR
- Multiple accounts use the same rate, and proposed rate changes will only affect a subset of those accounts.
Create a new rate VERSION if:
- The existing vendor is making a rate change that affects all accounts using that rate, OR
- It is important to retain the old rate for entering historical bill information.
EnergyCAP recommends using the Rate Wizard to assist with creating a new rate VERSION:
Select the Accounting | Rates. The Rate Manager appears.
Clickto navigate to the vendor under which the rate exists.
Select the appropriate rate.
Right-click and select New Version. The Rate Wizard-General window appears. Update the Effective date, and make other changes as necessary. When done, click Next or Finish.
For additional information on the Rate Wizard options, click on a link below: