Navigate Power Process And Best Practice
- 1.When would an LOA be necessary?
- A.
When the customer does not wish to show you their usage
- B.
When customer usage history is not available online & must be gathered from LDC
- C.
When customer usage is smaller than 500,000 kWh
- D.
When customer usage is larger than 500,000 kWh
- 2.How long does it take an RES (supplier) to return pricing?
- A.
6-12 Hours
- B.
1-3 Hours
- C.
1-3 business days
- D.
A week
- 3.Added margins to the raw pricing presented by suppliers is typically added in "mils" meaning a:
- A.
Penny
- B.
Quarter of a penny
- C.
Quarter
- D.
Tenth of a penny
- 4.A RES returns "Raw" pricing, meaning it has no built-in commission.
- A.
True
- B.
False
- 5.The LOE ( Letter of Exclusivity) forces a client to do business with one specific supplier.
- A.
True
- B.
False
- 6.What is the furthest start date we can price?
- A.
6-12 months from the current date
- B.
12-18 months from the current date
- C.
19-24 months from the current date
- 7.
Which of the following describes an LOA (Letter of Authorization)?- A.
A document that allows Navigate Power to exclusively price a deal
- B.
A document that allows Navigate Power to pull historical usage from the utility company
- C.
A document that is legally binding upon the client's signature
- 8.Can custom pricing take 5-7 business days to turn around?
- A.
True
- B.
False
- 9.I can add usage from different meters to use for aggregated pricing if it has the same signer.
- A.
True
- B.
False
- 10.When do I get paid for a deal if it's an annual upfront (12-month), supplier?
- A.
The next business day
- B.
Residually
- C.
3 months after the start month
- D.
Approximately 45 days after sign date
- 11.Commissions are paid out on what date every month?
- A.
1st of the month
- B.
The 10th of the month
- C.
Last day of the month
- 12.How do I get a log-in, username and password for the Navigate Exchange (NEX)?
- A.
Email on-boarding to request login information with all my paperwork
- B.
Email [email protected] with my first and last name
- C.
Call my Channel Manager to request login information
- 13.The Navigate Exchange (NEX) can custom price deals over 1 million kWh.
- A.
True
- B.
False
- 14.If you have a deal that uses 150,000 annual kWh and you put 5 mils on it at a commission rate of 30% what would your annual commission check be?
- A.
$225
- B.
$275
- C.
$325
- D.
$600
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