Retail Energy Pricing
Data Extraction and Related Data Support for a Consulting Firm with 40% Cost Reduction
A Management Consulting Firm in the Energy Sector
Our client is based in the United States and specializes in delivering strategic and operational excellence to enterprises. It partners with energy companies to help them navigate complex industry challenges, drive innovation, and achieve sustainable growth.
Data Collection and Data Management Support
Retail energy pricing (REP) refers to the cost that consumers pay for electricity, gas, or other forms of energy that they use. It's also an essential consideration in the broader context of energy policy and sustainability efforts. The client ran a REP feed that enabled end-users to analyze direct market activity within the energy sector. For that feed, they needed to collect detailed data on provider-wise and region-wise prices and terms for natural gas and electricity plans across the United States.
Our team had to-
Go through the websites of energy companies from a list provided by the client
Perform manual website data extraction to extract necessary data, including rates and terms for natural gas and electricity plans
Use area ZIP codes to ensure the data collected is relevant to specific regions, capturing local variations in pricing and terms
Conduct weekly data collection to keep the information current and reflective of any changes in rates and terms
Maintain a consistent format for data entry to facilitate easy analysis and comparison
Ensure data validation and 100% accuracy
Anti-Scraping Measures, Website Variations, and Large Data Volumes
The client attempted and failed in their automated data collection efforts. The diverse structure, layout, and navigation of target websites made it challenging to create a standardized, automated scraping script. Many websites employed dynamic content loading techniques and anti-scraping measures (e.g., CAPTCHAs, IP blocking), further complicating things and reducing data accuracy. Additionally, they faced challenges in managing and organizing large volumes of data from numerous providers and regions and ensuring it was organized and accessible for analysis.
We proposed an entirely manual website data extraction approach. It allowed for greater accuracy and relevance of the data collected, directly addressing the client's requirements.
A Specialized Approach to Data Collection and Management
With a team of three, we commenced manual data extraction. The subject matter experts aligned with this project took up manual data extraction wherever the client's scripts failed to produce results. The website sources and zip codes helped us search and update the offer rate, renewable percentage, early termination fee, price to compare, and monthly fee.
Project Outcomes
Owing to the results our team produced, the project that was started in early 2023 has been extended for another year. By ensuring that the client had access to accurate, timely, and comprehensive data, Data-Entry-India.com supported their efforts to provide strategic insights and operational excellence in the energy sector.
Zero data discrepancies reported in client audits over 12 months
By filling the gaps in automated data extraction, we reduced the client's overhead costs by 40%
Covered all the provider websites and ZIP codes listed by the client, ensuring 100% on-time data delivery
Successfully extracted required data from websites with stringent anti-scraping defenses
The client has also requested data visualization support for a related project, where they need our team to build executive dashboards of REP, as well as other energy industry metrics, to be displayed to their end users.
Get Ready-to-Use Data with Web Research Support from Data-Entry-India.com
We have managed website data collection and market research tasks for a variety of clients across the energy, healthcare, finance, and IT sectors. With a human-in-the-loop approach, we have helped tech-based market research platforms perform better. Additionally, our service range (including data visualization, lead research, and data management) serves as a 360-degree support for consulting firms, helping them quickly get to analysis with readily available data.
Achieve the targeted results for your organization with the Data-Entry-India.com team.
