With the use of a new PH-developed smart energy analytics platform, Filipinos can now save up to 30% on their electricity bills.
The electronics device was developed by Filipino startup tech company Exora Technologies and uses artificial intelligence (AI) to analyze real-time and historical data to assess client profiles and behavior.
If customers spend Php2.5 million or more for their electricity bills in a month, Exora Source enables them to find the best match retail electricity suppliers (RES) for them so they can save up to 30%.
Using the device, consumers will have access to at least 79% of the energy available in the market, which will allow them to see which RES meet their needs and are most feasible to use for their location and situation.
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In addition, Exora offers an online tool that keeps track of power consumption called Analytics, which is a cloud-based energy monitoring and reporting service. With Exora Source and Analytics, you can monitor and procure energy remotely.
Exora Technologies, the startup behind the project, is officially supported by the Department of Science and Technology – Philippine Council for Industry, Energy and Emerging Technology Research and Development (DOST-PCIEERD) through the Technology Innovation for Commercialization (TECHNICOM) program.
Source: DOST Philippines