Navigate Power Process And Best Practice

14 Questions | Total Attempts: 423

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Navigate Power Process And Best Practice

Questions and Answers
  • 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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