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

SAP Term: demand price

• Component: IS-U-BI

• Component Name: Contract Billing

• Description: Price per unit of demand to be billed for a certain period such as one year.

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• Key Concepts: 
  Demand price is a pricing element in the IS-U-BI Contract Billing component of SAP. It is used to calculate the cost of a service based on the amount of energy consumed. The demand price is determined by the customer's contract and can be set up as a fixed rate or as a variable rate based on the amount of energy used. 
  
  How to use it: 
  The demand price is set up in the SAP system by entering the customer's contract information into the system. This includes the type of pricing (fixed or variable), the rate, and any other applicable conditions. Once this information is entered, the system will automatically calculate the cost of the service based on the demand price. 
  
  Tips & Tricks: 
  When setting up a demand price, it is important to ensure that all of the customer's contract information is entered correctly. This will ensure that the system calculates the correct cost for each service. Additionally, it is important to keep track of any changes to the customer's contract so that these changes can be reflected in the system. 
  
  Related Information: 
  The demand price is just one of many pricing elements that can be used in SAP IS-U-BI Contract Billing. Other pricing elements include fixed prices, variable prices, and discounts. Additionally, there are other components within SAP IS-U-BI such as billing and invoicing that can be used to manage customer contracts and billing processes.