Stochastic Production Costs for Large Cooperative
Company
Large rural electric cooperative in Georgia.
Challenge
Develop a comprehensive stochastic 20-Year Long Range Financial Forecast and detailed 4-Year budget for a diversified generation portfolio including nuclear, coal, gas, hydro, pumped hydro, and solar assets.
SATURN
- Implemented advanced stochastic simulation that provides reliable forecasts of future market prices.
- Forecasted optimized generation operations, production costs, fuel requirements, and risk metrics.
- Provided detailed reporting, extensive breakdowns, easy data visualization, and fast simulations.
Impact
- Enhanced cross-functional collaboration and elevated organizational modeling capabilities.
- Reduced setup and reporting times, enabled fast simulations, and empowered in-depth analysis.
- Streamlined automated workflows, enabled detailed reporting, and empowered confident decision-making.