gridIQ reconstructs the wholesale component of your bill from AEMO prices, loss-factor adjusted for your site, and decomposes the gap against your retailer invoice. It prefers AEMO settlement-run prices and falls back to dispatch, clearly labelled, until settlement publishes.
Your retailer invoice bundles wholesale energy, network charges, environmental certificates and margin into a handful of line items. When the number looks high, it is hard to tell which component moved. gridIQ rebuilds the wholesale component from first principles so you can see whether the bill matches the market.
For each billing period the engine prefers AEMO settlement-run regional reference prices, the audit-grade basis. Settlement publishes in stages, so until it lands gridIQ falls back to dispatch prices and tells you which basis it used on every reconstructed figure. The reconstructed wholesale is then loss-adjusted by your site's combined transmission and distribution loss factor, and the variance against your invoice is decomposed line by line.
For each billing period the engine prefers AEMO settlement-run regional reference prices, the same prices AEMO uses to settle the market, and falls back to dispatch prices with a clear label until settlement publishes.
The reconstructed wholesale cost is adjusted by your combined transmission and distribution loss factor, entered per site, so the comparison reflects energy delivered at your connection point. Leave it blank and gridIQ uses the raw regional price.
The result breaks down the gap between your invoice and the market-reconstructed cost, so you take a specific figure to your retailer rather than a gut feeling.
Daily reminders for contracts nearing settlement, plus the get_reconciliation, explain_variance and get_settlement_prices Watt tools for ad-hoc checks.
Settlement reconciliation focuses on the wholesale energy component of your cost. Network step tariffs, environmental certificate pass-through, capacity charges and retail margin sit outside the wholesale reconstruction, so use it to interrogate the wholesale line rather than as a full bill audit. Verify any figure you intend to dispute with your retailer before acting on it.
It reconstructs the wholesale energy component of your electricity cost from AEMO prices, adjusts it for your site loss factors, and compares it against your retailer invoice, decomposing the variance so you can see where the gap is.
It prefers AEMO settlement-run prices, which are what AEMO uses to settle the market, but those publish in stages weeks after the trading day (preliminary around five weeks, final around eighteen). Until settlement is available for a period, gridIQ uses dispatch prices and labels the basis, so you always know which was used.
Electricity is lost in transmission and distribution between the regional reference node and your meter. Your combined loss factor scales the regional price to the energy actually delivered to your site. You enter it per site. Left blank, gridIQ uses the raw regional price.
Settlement reconciliation is part of Pro, in the app and through Watt AI.
Settlement reconciliation is included in Pro ($299/month). Start a 21-day trial to reconcile a billing period.