Monday, October 25

BBVA helps customers save on gas and electricity bills thanks to data analytics


BBVA's new digital functionality includes an estimate of what the monthly savings could be

BBVA’s new digital functionality includes an estimate of what the monthly savings could be

With the aim of helping clients manage their finances and accompany them in the ecological transition, BBVA has included a new functionality in the mobile application that offers alternatives to reduce energy consumption and make the home a more efficient space. The entity, with almost 70% of digital clients and an average of 90 million monthly accesses in its ‘app’, now uses its digital capabilities and data analytics to offer clients, individuals and companies, advice and personalized solutions in energy matters.

BBVA’s new digital functionality includes an estimate of what the monthly savings may be if a series of measures are adopted that are calculated based on the customer’s electricity and gas consumption, the second most important expense in the home. Currently, the average annual costs associated with energy -light and gas- of a consumer in Spain amount to 1,400 euros, which is equivalent to 3,200kg of CO2 emitted into the atmosphere, the same amount as the gases emitted on a Madrid flight -Tokyo. Annual savings, thanks to this series of tips, could reach 400 euros on average.

In order to access this new experience, the client must first have their home registered as non-financial assets in the BBVA application. Once the property is registered, you can directly access non-financial assets from its global position or access Valora Casas, click on Home Center and browse the electricity or gas expenses related to your home. Here, the client is where they can observe the different tips that the tool offers them to be able to save monthly.

The aim of the new function is to help clients manage their finances and accompany them in the ecological transition


Regarding electricity, the functionality informs on what savings can be achieved if you opt for the installation of LED bulbs, the purchase of efficient appliances or the change of windows to avoid heat loss.

On the other hand, for the advice related to the gas receipt, the ‘app’ makes an estimate based on the replacement of the boiler or its thermostat. This calculation is carried out thanks to the data that the tool has in relation to the number of square meters of the house, city, orientation and age.

“Currently, there are more than 1.1 million homes added by our clients in the BBVA app. With nearly 850,000 unique users, Valora Casas already offers very useful information for buying or renting real estate. Now we are going one step further helping our clients to make their homes more efficient while taking care of the environment ”, highlighted Alberto Guillén, Head of Digital Products at BBVA in Spain.

Information to make sustainable and savings decisions

Thanks to data analytics, this new functionality also offers an economic summary of what would be the initial investment to be made by the client in order to start reducing bills, how long this investment pays off or what would be the savings in one or in nine years.

Also, an estimate of how carbon dioxide (CO2) emissions into the atmosphere would be reduced if the advice is taken into account will be included in the coming months, which will help customers reduce their carbon footprint. Through this new digital functionality, BBVA also offers personalized financing alternatives based on the recommendations derived from electricity and gas consumption, in such a way that the customer is given the possibility of making the necessary changes in their home so that be more efficient.


www.informacion.es

Leave a Reply

Your email address will not be published. Required fields are marked *

Share