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Tag: Generation Management

  • Implement Integrated Enterprise Risk Management

    Implement Integrated Enterprise Risk Management

    Company

    Large integrated energy company operating a diversified generation portfolio across PJM.

    Challenge

    Implement enterprise-wide risk management and seamlessly integrate a large fleet of generation units, hundreds of trades, multiple commodities, and retail loads.

    SATURN

    • Delivered cutting-edge stochastic simulation, rigorous generation modeling, and advanced trades valuation.
    • Integrated generation optimization, trading management, retail load analysis, and risk management.
    • Established integrated risk metrics and enabled enterprise risk management decisions with confidence.

    Impact

    • Replaced 3 legacy models and integrated forecasting across 4 departments into one platform.
    • Enabled unprecedented stochastic simulation with unmatched speed and analytical rigor.
    • Delivered key attribution metrics that facilitate effective hedging and risk management.

    SATURN Applications

  • Improve Portfolio Management Optimization

    Improve Portfolio Management Optimization

    Company

    Large Independent Power Producer (IPP) with generation assets in multiple ISOs.

    Challenge

    Forecast portfolio revenues, costs, margins, and risks while developing optimized hedging strategies for company generation fleets across each ISO and multiple regional markets.

    SATURN

    • Forecasted stochastic prices for several markets and several commodities across 4 ISOs.
    • Simulated optimized generation and forecasted revenues, costs, margins, and risk exposures.
    • Developed alternative efficient frontier hedging strategies and enabled effective risk management.

    Impact

    • Enabled unprecedented efficient frontier hedging that balanced risks and margin optimization.
    • Helped company management make risk management decisions with confidence.
    • Improved margins by over 10% and reduced risk exposure by over 15%.

    SATURN Applications

  • Small IPP Operating in ERCOT & PJM

    Small IPP Operating in ERCOT & PJM

    Company

    Small Independent Power Producer operating 2 combined cycle plants in NYISO.

    Challenge

    Forecast ERCOT and PJM market prices, simulate optimized generation, capture and value power and gas trades, forecast revenues, costs, and margins, and manage portfolio risks and hedging.

    SATURN

    • Automated market analysis, generation simulation, and financial and risk forecasting – all in one integrated framework.
    • Enabled daily, weekly, and monthly reports customized to meet individual needs and business requirements.
    • Empowered management team to access needed reports and information on-command – in minutes.

    Impact

    • Improved pre-trade valuation, post-trade monitoring, generation optimization, price and margins forecasting.
    • Enabled company to consolidate key business management functions on one platform – seamlessly integrated.
    • Saved time and money by avoiding the need to license different systems to manage trading, generation, and risk.

    SATURN Applications

  • Small IPP Operating in NYISO

    Small IPP Operating in NYISO

    Company

    Small Independent Power Producer operating 2 combined cycle plants in NYISO.

    Challenge

    Forecast NYISO market prices, simulate optimized generation, capture and value trades in multiple commodities, forecast revenues, costs, and margins, and manage risks and hedging.

    SATURN

    • Automated market analysis, generation simulation, and financial and risk forecasting – all in one framework.
    • Enabled daily, weekly, and monthly reports customized to meet individual needs and business requirements.
    • Empowered management team to access needed reports and information on-command – in minutes.

    Impact

    • Improved pre-trade valuation, post-trade monitoring, generation optimization, price and margins forecasting.
    • Enabled company to consolidate key business management functions on one platform – seamlessly integrated.
    • Saved time and money by avoiding the need to license different systems to manage trading, generation, and risk.

    SATURN Applications

  • Optimize Credit Requirements

    Optimize Credit Requirements

    Company

    Small IPP operating power plants in ERCOT with limited credit.

    Challenge

    Develop accurate Potential Future Exposure (PFE) and enable trading manager to negotiate lowest possible collateral to allow trading needed to meet hedging needs.

    SATURN

    • Enabled stochastic simulation of market prices, trade values, trade settlement, and exposure analysis.
    • Developed expected, P95, and maximum potential exposures across complete trade timeframe.
    • Empowered effective negotiation with counterparty of adequate credit requirements.

    Impact

    • Facilitated trading under restrictive credit limits.
    • Reduced requested credit limit by 20%.
    • Established credibility with counterparty.

    SATURN Applications

  • Optimize Outages Planning

    Optimize Outages Planning

    Company

    Medium-size generation company in the Southeast Regional Council area.

    Challenge

    Optimize outages scheduling plan for a fleet of diverse power plants including gas, nuclear, coal, renewable, and storage technologies to minimize replacement costs.

    SATURN

    • Delivered comprehensive modeling of complex operational requirements, regulatory constraints, and economic limitations.
    • Engineered optimized scheduling plans using advanced stochastic simulations.
    • Established streamlined workflows enabling seamless cross-functional collaboration with automated intelligence reporting.

    Impact

    • Facilitated cross-department coordination and improved organization skills and modeling expertise.
    • Achieved significant reductions in setup and reporting times and enabled rapid simulation capabilities.
    • Implemented automated workflows, streamlined reporting, and empowered decisions with confidence.

    SATURN Applications

  • Stochastic Plant Valuation

    Stochastic Plant Valuation

    Company

    Large Independent Power Producer seeking asset acquisition across multiple ISOs.

    Challenge

    Deploy advanced stochastic asset valuation for a diverse set of power technologies including rapid turn-around, standardized reporting, and best-in-class risk metrics.

    SATURN

    • Simulated market prices using most recent forward curves and enabled on demand results within minutes.
    • Developed optimized operations of power plants and forecasted operating margins and potential margin variability.
    • Delivered breakdowns, long-term trends, sensitivity analysis, and risk metrics enabling confident valuation.

    Impact

    • Enabled management to make informed decisions with confidence and accelerated evaluation timelines.
    • Established a reusable workflow and solution enabling rapid response times to asset valuation needs.
    • Automated reporting and data visualization enabling real-time collaboration and results sharing.

    SATURN Applications

  • Day Ahead and Real Time

    Day Ahead and Real Time

    Company

    Small IPP operating power plants in ERCOT.

    Challenge

    Deploy data-driven market analytics and facilitate critical early morning day-ahead vs real-time decisions for multiple generation units with varying cost and performance characteristics.

    SATURN

    • Developed extensive data mining and analysis that deliver actionable market intelligence insights.
    • Established data-driven metrics that facilitate informed operational decisions with confidence.
    • Enhanced day-ahead decision quality and improved operating margins.

    Impact

    • Improved day-ahead real-time operating margins by over 20%.
    • Saved staff time and empowered team with advanced and integrated on-demand solutions – in minutes.
    • Automated reporting, data visualization, workflows, and documentation with comprehensive integration.

    SATURN Applications

  • Optimize Operations

    Optimize Operations

    Company

    Medium-size energy provider that serves customers in West Texas and Southern New Mexico.

    Challenge

    Optimize short-term operating plan for next 5-7 days including unit commitment, economic dispatch, outage planning, fuel management, and short-term trading.

    SATURN

    • Provided improved modeling of operational constraints that lower operating costs.
    • Enabled rapid setup, comprehensive what-if scenario modeling, and extensive sensitivity analysis.
    • Established cross-department collaboration and enabled online coordination.

    Impact

    • Reduced operating costs by 3 to 5% across several months.
    • Improved staff productivity and empowered team with on-demand solutions.
    • Facilitated coordination with trading team and enabled more effective trading.

    SATURN Applications

  • Optimize Operation Planning

    Optimize Operation Planning

    Company

    Large integrated energy company in Scotland that operates a portfolio of diverse generation assets.

    Challenge

    Optimize operation plans to maximize margins subject to strict emission limits for a portfolio of diverse assets that include coal, gas, oil, hydro, and pumped hydro storage plants.

    SATURN

    • Implemented advanced optimization and stochastic simulation and enabled reliable production forecasts.
    • Enabled optimized operation planning under limiting constraints and associated costs, fuel use, and emissions.
    • Streamlined reporting, data visualization, fast simulations, and enabled extensive what-if analysis.

    Impact

    • Enabled optimized modeling of complex generation fleet and reduced operating costs.
    • Empowered on-demand analysis, fast simulations, and quick reporting and saved staff time
    • Automated workflows, enabled detailed reporting, and empowered confident decision-making.

    SATURN Applications