What is 'settlement unit' in SAP IS-U-EPM - Energy Portfolio Management?

settlement unit - Overview

• Component: IS-U-EPM

• Component Name: Energy Portfolio Management

• Description: A combination of settlement area and grid area.

settlement unit - Details

• 
  Key Concepts: 
  Settlement unit is a term used in SAP IS-U-EPM Energy Portfolio Management. It is a unit of measure used to calculate the cost of energy consumed by customers. The settlement unit is determined by the energy supplier and is based on the type of energy being supplied, such as electricity, gas, or water. 
  
  How to use it: 
  The settlement unit is used to calculate the cost of energy consumed by customers. The cost of energy is calculated by multiplying the amount of energy consumed by the settlement unit. For example, if a customer consumes 1 kWh of electricity, the cost of that electricity would be calculated by multiplying 1 kWh by the settlement unit for electricity. 
  
  Tips & Tricks: 
  It is important to understand the settlement unit for each type of energy being supplied in order to accurately calculate the cost of energy consumed by customers. Additionally, it is important to keep track of any changes in the settlement unit as this could affect the cost of energy for customers. 
  
  Related Information: 
  The settlement unit is determined by the energy supplier and can vary depending on the type of energy being supplied. Additionally, it is important to note that some suppliers may offer different settlement units for different types of customers, such as residential or commercial customers.