Accenture uses Artificial Intelligence driven database to help reduce electricity rates for Colonial Pipeline ’ s interstate system
Accenture is using a proprietary database powered by Artificial Intelligence ( AI ) to help Colonial Pipeline , the largest refined products pipeline in the United States , reduce regulated and deregulated electric utility rates for its interstate pipeline system .
The energy management project leverages Accenture ’ s Utility Tracking System ( UTS ), a proprietary database of approximately 30 million anonymized utility bills that the company has been aggregating for more than 20 years . Built to identify power tariff options around the world , UTS uses AIpowered insights and automation as part of Accenture ’ s SynOps platform to continuously improve the efficiency and reliability of electricity rate savings recommendations .
Accenture is using insights generated by UTS to evaluate power bills for operations at approximately 80 Colonial Pipeline pump stations along its 5,500-mile pipeline system , which delivers approximately 100 million gallons of refined petroleum products daily to markets in the Southern and Eastern United States . Armed with information about tariff options , Accenture presents lower-cost options – such as reduced cost per kilowatthour – to Colonial Pipeline , and then works with utilities to help implement new rates .
“ This initiative , which is part of our ongoing effort to optimize utility rates , has shown encouraging results early on and should continue to help us in our comprehensive review of all utility accounts on our system ,” said Tony Leo , Manager of Energy
Management and Power Optimization for Colonial Pipeline . “ We look forward to our continued partnership with Accenture as we identify opportunities to transition to renewable energy to power our pump stations .”
“ Our work for Colonial Pipeline is a great example of how Accenture ’ s long-term investments in technologies are helping clients deepen business resilience amid evolving market conditions ,” said Yusuf Tayob , Group Chief Executive of Accenture Operations . “ We look forward to making further progress on this project and to helping Colonial Pipeline evaluate how it can buy green energy , which increasingly is powering infrastructure as consumers and stakeholders demand cleaner air and less environmental impact .” p