What is settlement in SAP IS-U-EDM - Energy Data Management?

SAP Term: settlement

• Component: IS-U-EDM

• Component Name: Energy Data Management

• Description: Comparison of energy supplied and energy used. The balance is communicated to the corresponding settlement coordinator. For example, the actual or forecast consumption of all points of delivery in a settlement unit can be grouped together for settlement purposes.

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• Key Concepts: 
  Settlement in SAP IS-U-EDM Energy Data Management is the process of calculating and allocating costs for energy consumption. It involves the calculation of energy costs based on the energy consumption data collected from meters, and then allocating those costs to customers based on their usage. 
  
  How to use it: 
  Settlement in SAP IS-U-EDM Energy Data Management is used to calculate and allocate energy costs to customers. The process begins with collecting energy consumption data from meters, which is then used to calculate the cost of energy consumed. This cost is then allocated to customers based on their usage. 
  
  Tips & Tricks: 
  When using settlement in SAP IS-U-EDM Energy Data Management, it is important to ensure that the data collected from meters is accurate and up-to-date. This will ensure that the cost calculations are accurate and that customers are charged correctly for their energy usage. 
  
  Related Information: 
  Settlement in SAP IS-U-EDM Energy Data Management is closely related to billing, as it is used to calculate the cost of energy consumed by customers which is then used to generate bills. It is also related to metering, as accurate meter readings are necessary for accurate cost calculations.