Tie interval-level performance to payment, flag discrepancies and recover revenue before the audit window closes.
SettlementIQ is Rodan’s settlement validation service for facilities and power producers operating in the IESO. Rodan compares the IESO’s preliminary and final settlement statements against your interval meter data, totalization tables and bid submissions, then flags charge types where results do not reconcile.
SettlementIQ is built for IESO market participants with material exposure to settlement complexity and financial risk.
You get daily or monthly shadow settlement, automated discrepancy detection and validated settlement outcomes tied to your actual performance.
Portfolio metrics are aggregated. Results vary by site.
SettlementIQ is delivered as a managed service in two configurations. Most customers operate on the monthly tier. The daily tier is designed for operators where a missed dispute window has material financial impact.
On the first business day of each month, Rodan's settlement team produces a shadow estimate of the prior month's IESO charges from your interval data and bid history. When the IESO's preliminary settlement statement arrives mid-month, our team reconciles the two and flags discrepancies for action inside the six-business-day NOD window.
Best for: C&I facilities, MSP customers and power producers where monthly visibility is enough to catch material errors.
Every business day, Rodan's settlement team reconciles the IESO's preliminary settlement file against your interval meter data and bids. Discrepancies are documented the day they appear, not the month they appear.
Best for: operators with daily-settled positions, active bidding strategies, or revenue streams where a missed dispute window is material. Battery storage operators, PRL participants and high-volume traders typically sit here.
If Rodan is your meter service provider, the data is already in our systems. If not, our data services team handles ingestion from your existing provider.
Your registered IESO delivery point structure, including any line loss adjustments.
Day-ahead and real-time bids submitted to the IESO, used to validate energy and ancillary settlements.
The path depends on your service relationship with Rodan.
See the full picture
Where Rodan manages your market participation directly, for example PRL bidding through FlexOps, Rodan files Notices of Discrepancy with the IESO on your behalf.
Make confident decisions
For MSP and demand response customers, Rodan identifies the discrepancy and provides the supporting calculation. Your team files the NOD with the IESO using our documentation. Customers who want Rodan to file on their behalf can grant account access and our team will handle the submission.
SettlementIQ gives each team earlier visibility into billing outcomes and validated settlement results.
Track IESO charges across facilities and identify discrepancies before month-end
Monthly or daily visibility into electricity cost drivers throughout the billing cycle, with discrepancies identified before close.
Verify that day-ahead and real-time settlements match your bid record and metered output.
Link interval data and event performance to billing outcomes.
Explore how settlement connects to monitoring, peak management and market intelligence.
Site-level energy monitoring that connects facility behavior to settlement outcomes.
Peak demand prediction that explains capacity-related billing exposure.
IESO market data and dispatch intelligence that contextualizes settlement results.
Getting started with SettlementIQ typically begins with a review of your electricity billing structure and interval meter data. Rodan works with your team to configure the platform so it reflects the tariffs, program rules and settlement structures relevant to your facilities.
Once configured, the platform begins generating simulated invoices based on interval consumption data. These daily shadow invoices provide early visibility into billing drivers and highlight discrepancies that may require investigation.
Organizations often deploy SettlementIQ alongside other Rodan solutions to strengthen overall energy management. For example, FacilityIQ helps connect facility performance with settlement outcomes, while PeakIQ identifies peak demand events that influence billing.
Facilities participating in demand response programs can also use settlement validation to confirm program revenues.
By implementing SettlementIQ, organizations gain a structured approach to verifying electricity costs and protecting energy-related revenue streams.
SettlementIQ creates a shadow invoice by using interval electricity consumption data to simulate how an official utility invoice should appear. The platform analyzes meter data alongside tariff structures, billing rules and market program participation.
By reconstructing expected charges from these inputs, SettlementIQ produces a daily estimate of electricity costs. This simulated invoice shows finance teams how billing components are evolving throughout the billing cycle rather than waiting for the official invoice at month-end.
When the official invoice arrives, it can be compared against the simulated version to identify discrepancies. If unexpected charges appear, they can be investigated quickly and supported with detailed data.
This process is especially useful for organizations participating in demand response programs or managing energy strategies through FlexOps. When combined with FacilityIQ, teams can link billing outcomes to facility behavior during events or peak periods.
The result is a more transparent settlement process and fewer billing surprises.
Demand response programs can generate significant revenue for facilities that reduce electricity consumption during grid events. However, ensuring that this revenue is accurately reflected in settlement calculations requires careful validation.
SettlementIQ helps protect demand response revenue by tracking program participation and comparing expected payments with actual settlement outcomes. By simulating billing and settlement calculations, the platform identifies discrepancies before they impact financial reporting.
For example, if a facility successfully reduces demand during an event but the expected payment does not appear in settlement data, the issue can be investigated immediately.
Facility operators can also review event performance using FacilityIQ to confirm how the site responded during the activation window. If peak demand conditions influenced billing outcomes, PeakIQ provides additional context.
This integrated visibility ensures that organizations participating in demand response programs receive the full financial benefit of their operational response.
Finance teams benefit from SettlementIQ because it improves visibility into electricity costs throughout the billing cycle. Instead of waiting for invoices to arrive, finance teams can monitor expected costs and identify discrepancies earlier.
This visibility helps organizations plan budgets, forecast energy expenses and detect unusual billing patterns before they affect financial reporting. When unexpected costs appear, teams can investigate them with supporting data rather than relying solely on invoice details.
SettlementIQ also reduces the time spent manually reviewing spreadsheets or reconciling multiple billing components. Automated analysis helps highlight areas that require attention so teams can focus on resolving issues rather than searching for them.
Finance teams working alongside operations teams may also reference data from FacilityIQ to understand facility performance or from PeakIQ to interpret peak demand charges.
This coordination between financial and operational insights helps organizations manage electricity costs more effectively.
With SettlementIQ, billing discrepancies can be detected as soon as the platform identifies differences between expected and simulated settlement outcomes. Because the system continuously analyzes interval meter data and billing structures, anomalies can appear well before the official invoice is issued.
This earlier detection window gives energy and finance teams more time to investigate issues and gather supporting information. Instead of reacting after month-end billing cycles, organizations can address discrepancies proactively.
For example, if a demand charge appears inconsistent with facility performance tracked through FacilityIQ, teams can investigate the underlying data sooner. If peak demand conditions influenced billing outcomes, PeakIQ may provide additional insight.
Early detection is especially valuable when organizations participate in demand response programs or operate across multiple markets where settlement rules vary.
By identifying discrepancies sooner, SettlementIQ helps reduce financial uncertainty and shorten dispute cycles.
Energy settlement services help organizations verify that electricity invoices and market payments accurately reflect their energy usage and participation in electricity markets. These services analyze consumption data, billing structures and program rules to confirm that charges and revenues are calculated correctly.
Large facilities often operate within complex electricity markets where billing includes multiple components such as capacity charges, transmission costs and demand response payments. Without a structured settlement validation process, discrepancies can go unnoticed until they have already affected financial reporting.
SettlementIQ provides energy settlement services by simulating electricity invoices using interval meter data. This “shadow invoicing” approach allows finance and energy teams to see expected costs before the official invoice arrives.
If discrepancies appear, they can be investigated earlier and resolved more quickly. Organizations participating in demand response programs or managing energy demand management strategies often use settlement validation to confirm that program revenues are calculated correctly.
SettlementIQ also works alongside FacilityIQ for site-level performance visibility and MarketIQ for broader market intelligence.
SettlementIQ can detect several types of electricity billing discrepancies that commonly occur in complex energy markets. These may include incorrect demand calculations, inaccurate tariff application, missing demand response credits or discrepancies between metered consumption and billed usage.
Because electricity billing often involves multiple components, identifying these issues manually can be difficult. SettlementIQ continuously analyzes interval meter data and expected billing outcomes so anomalies can be flagged earlier.
For example, if a facility participates in demand response programs but expected credits do not appear in settlement calculations, the system can highlight the discrepancy. Similarly, if peak demand charges appear inconsistent with operational performance tracked through FacilityIQ, teams can investigate further.
When organizations also use PeakIQ, they can connect peak demand exposure to settlement outcomes. This integrated view helps identify whether billing differences reflect real operational events or potential errors.
Detecting these discrepancies early allows organizations to correct billing issues before they become costly disputes.
Energy settlement services are most valuable for organizations that operate large energy-consuming facilities or participate in electricity market programs. These organizations typically have complex billing structures that require careful validation.
Commercial and industrial operators often use settlement services to confirm that electricity invoices accurately reflect their consumption patterns and tariff structures. Power producers and energy market participants rely on settlement validation to ensure that market revenues and program payments are calculated correctly.
Finance teams also benefit because settlement monitoring improves cost visibility and reduces the risk of unexpected charges appearing during financial reporting cycles.
SettlementIQ becomes especially powerful when paired with operational tools such as FacilityIQ, which tracks facility performance, and PeakIQ, which identifies peak demand events. Organizations participating in demand response programs can also validate that performance translates into accurate payments.
Together, these capabilities create stronger oversight of electricity costs and revenue streams.
Electricity settlement validation is important because billing structures in modern energy markets are complex and errors can occur at multiple stages. Charges may be influenced by interval consumption, market prices, peak demand events and participation in energy programs.
If discrepancies are not detected early, organizations may unknowingly pay incorrect charges or fail to receive the full value of market participation. For large energy users, even small billing inconsistencies can represent significant financial exposure.
SettlementIQ helps address this challenge by creating a daily simulated invoice based on interval meter data. Instead of waiting until the official invoice arrives, finance and energy teams can see expected costs in advance.
When paired with FacilityIQ, organizations can connect facility performance with billing outcomes. If peak demand or event participation influences costs, PeakIQ provides additional visibility into those operational factors.
This proactive approach allows teams to resolve billing discrepancies faster and maintain stronger confidence in electricity settlement results.
Still have questions? Contact our team