Flexible energy settlements. An independent engine for complex pricing models.
Designed to work with hourly and 15-minute data, with full control over settlement logic.
Formula is a system that enables energy suppliers to create, test, and settle even the most complex energy products — faster, more cost-effectively, and without the limitations of traditional billing systems.
Formula was designed for organizations operating in a demanding and dynamic energy market, and for those that:
sell energy based on variable prices, indices, or individually negotiated commercial terms,
offer products other than traditional fixed-price plans, such as formula-based, indexed, or tranche products,
settle energy based on hourly or 15-minute interval data,
handle settlements at various scales: from individual metering points (PPE), through groups of contracts, to entire customer portfolios.
It automates energy settlements, guiding you step by step through the entire process.
The contract and metering data are imported into CRM/Billing.
The system initiates the settlement process in Formula.
Formula executes algorithms in accordance with the settlement model.
The results are returned to commercial reports and invoicing.
Create and modify settlement algorithms by combining parameters, metering data, and formulas in one place.
Flexibly create products based on predefined settlement algorithms.
Manage energy tranches, control volumes, and work with contract settlement schedules.
Test how products and algorithms perform on test data before launching them.
Create and test your own report templates tailored to the product and settlement model.
Formula operates as the central settlement logic engine, making it easy to integrate with domain-specific systems. It can work together with systems such as: CRM, billing, and metering systems as well as reporting tools, exchanging the data required to prepare settlements. Thanks to its open architecture Formula:
accepts contract and metering data from external systems
executes settlement algorithms according to the product model
sends the results to invoicing, reporting, and financial systems
It does not replace existing systems — it complements them with a settlement logic layer that can evolve independently of the other components of the IT architecture.
Let's talk about your billing model.
We'll show you how Formula can work
in your system environment.
Director of Sales
Phone +48 509 361 469
E-mail: wojtek.glapa@ebicom.pl
