What is block price in SAP IS-U-BI - Contract Billing?

SAP Term: block price

• Component: IS-U-BI

• Component Name: Contract Billing

• Description: Price used for valuating a quantity with the price from a particular interval.

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• Key Concepts: 
  Block price is a pricing method used in SAP IS-U-BI Contract Billing. It is a fixed price for a certain amount of energy or other services that are consumed within a certain period of time. This pricing method is used to simplify the billing process and reduce administrative costs. 
  
  How to use it: 
  In SAP IS-U-BI Contract Billing, block prices are set up in the pricing procedure. The block price is then applied to the contract and the customer will be billed according to the block price. The customer will be charged a fixed amount for the energy or services consumed within the specified period of time. 
  
  Tips & Tricks: 
  When setting up block prices in SAP IS-U-BI Contract Billing, it is important to consider the customer’s usage patterns and adjust the block prices accordingly. This will ensure that customers are not overcharged or undercharged for their energy or services consumption. 
  
  Related Information: 
  Block pricing is similar to flat rate pricing, which is also used in SAP IS-U-BI Contract Billing. Flat rate pricing is a fixed price for a certain amount of energy or services that are consumed within a certain period of time, but it does not take into account any usage patterns or customer preferences.