What is standby power in SAP IS-U-BI - Contract Billing?

SAP Term: standby power

• Component: IS-U-BI

• Component Name: Contract Billing

• Description: Electrical power that a utility company keeps on reserve for customers who produce their own energy. This power is used in case there is a temporary full or partial power outage caused by a malfunction, or if there is a shutdown due to an inspection.

Smart SAP Assistant

• Key Concepts: 
  Standby power is a feature of the IS-U-BI Contract Billing component of SAP. It allows customers to pay for electricity that is not used, but is available in case of an emergency. This ensures that customers have access to electricity when they need it, without having to pay for it when they don't. 
  
  How to use it: 
  In order to use standby power, customers must first set up a contract with their electricity provider. This contract will specify the amount of standby power that the customer is entitled to, as well as the rate at which they will be charged for it. Once the contract is in place, customers can then use the IS-U-BI Contract Billing component of SAP to manage their standby power usage. 
  
  Tips & Tricks: 
  It is important to keep track of your standby power usage in order to ensure that you are not overpaying for electricity that you are not using. The IS-U-BI Contract Billing component of SAP can help you do this by providing detailed reports on your standby power usage. 
  
  Related Information: 
  For more information on standby power and how to use it, please refer to the SAP Help Portal or contact your local electricity provider.