PEA and SCB join forces to unlock PEA Hero Platform with PEA Energy Intelligence to extend digital lending experience for PEA business network

Stocks and Financial Services Press Releases Monday March 25, 2019 14:49
Bangkok--25 Mar--Siam Commercial Bank

In a bid to bring the digital ecosystem to the energy industry, the Provincial Electricity Authority (PEA) has collaborated with Siam Commercial Bank (SCB) to develop PEA Energy Intelligence, a fully integrated digital service to help manage business and household electrical needs. Aiming to unlock more potential from the PEA Hero Platform to help raise energy consumption standards from upstream to downstream, the new service survey analyzes existing electrical systems, from procuring and certifying suppliers to installing equipment to boost the efficiency of power consumption.

PEA Deputy Governor Mr. Khammarat Sartpreecha said that rapid technology advancement in the present era has brought development and changes in every business segment, not least the industrial and energy segments. With people seeking to increase energy consumption efficiency, the PEA has launched PEA Energy Intelligence, the latest feature of the PEA Hero Platform. PEA Energy Intelligence makes the most of power generation and management by using appropriate and modern equipment to offer optimal efficiency, while providing value to society, such as through survey and analysis services for existing electrical systems, design and installment of electrical management equipment and software, and building a marketplace with a long list of PEA certified suppliers and distributors offering system planning and equipment installation services nationwide.

SCB SEVP & Chief Wholesale Banking Officer Mr. Wasin Saiyawan noted that in the past few years SCB has dedicated its resources to the development of technologies and innovations matching the requirements of customers in every user segment. SCB customers trust it to support the development and take partnership in service platforms in various sectors, including education, healthcare, retail, and corporations. This time we have earned yet another recognition from the PEA, a major state enterprise offering public utility services to consumers nationwide. SCB is truly honored to take part in helping increase the efficiency of energy consumption through the development of PEA Energy Intelligence, which will help simplify every component of energy management. In addition, the digital technology incorporated in this platform will allow electrical users and service providers to tap new business opportunities and minimize consumer constraints in connection with budgets used for installing equipment and systems. SCB is ready to seamlessly accommodate funding needs for all user groups listed on the platform, whether large corporations, such as industrial estates, business operators such as hotels, residences, and hospitals, retail businesses such as shops and suppliers seeking funds to expand business, and households. The Bank hopes that offering a full range of convenient, quick, and flexible services on the platform will help reduce energy costs, while increasing the efficiency of energy management, which will help sustain efficient overall energy consumption in the country.

"SCB is committed to the development of its digital capabilities to unleash the potential of the Bank as a platform to connect bank services to all customer groups. We would like to thank the PEA for its confidence in allowing SCB to take part in the development of PEA Energy Intelligence as one of the important features of the PEA Hero Platform. This platform will benefit Thailand's future capabilities. It is our greatest pleasure to support other state enterprises in helping them transform into truly digital organizations", concluded Mr. Wasin Saiyawan.

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