AI-supported platform for dynamic electricity tariffs
The Belgian energy group TotalEnergies is introducing dynamic electricity tariffs with the help of the billing platform from the Zurich start-up Exnaton. This enables consumers to purchase renewable electricity flexibly and cost-effectively. For Exnaton, this paves the way for Europe-wide expansion.
Exnaton and the energy group TotalEnergies Power & Gas Belgium have entered into a partnership. The two companies made this public at the VivaTech trade fair in Paris as part of a joint presentation. As the spin-off of the Swiss Federal Institute of Technology in Zurich, which was founded in 2020, explains in a press release, this cooperation demonstrates how agile energy start-ups can support established utilities in the development of new products and services for the energy transition. Exnaton was part of the start-up accelerator TotalEnergies On last year.
Exnaton’s billing platform enables energy suppliers to offer dynamic tariffs for renewable electricity. The electricity prices for consumers are based on the current demand for electricity. To do this, Exnaton processes 35,000 data points per customer per year with its artificial intelligence-based software solution and provides current and forecast electricity prices every hour.
In addition, price signals can be transmitted to intelligent devices such as charging stations for electric vehicles or energy management systems in the household so that energy consumption can be automatically shifted to more favourable time windows. According to Exnaton, the technology helps to “reduce grid bottlenecks as a result of increasing electrification, enables consumers to make tangible savings on their electricity costs and gives energy suppliers the opportunity to further develop their offering in line with the energy transition.”