Enhanced Risk Scoring for Utility Companies

Utility companies need to decide when to collect deposits during new account openings to ensure their risk is covered while also avoiding the collection of unnecessary deposits, which often incur interest. Advanced Energy 4.0 is the latest energy score from Equifax that uses traditional credit sources as input to measure the likelihood of consumers becoming 61+ days past due or a customer having to charge-off on a new utility account within 9 months of opening. This unique capability provides deeper insights into the risk profiles of prospective customers.