Schedule Demo

Tag: Retail Management

  • Forecast Solar Production and Plant Value

    Forecast Solar Production and Plant Value

    Company

    A Large rural electric cooperative in the southeastern region of the United States.

    Challenge

    Develop stochastic simulation to accurately forecast solar production across diverse weather zones and integrate forecasted production into planning and budgeting.

    SATURN

    • Identified key solar metrics that provide accurate forecasts of solar energy production under varying weather conditions.  
    • Developed hourly energy prices corelated with hourly solar energy scenarios and corresponding hourly solar production.
    • Integrated solar production with generation production forecasting and identified impacts on system operations.     

    Impact

    • Delivered a stochastic forecasting process that integrates solar generation into planning and budgeting processes.  
    • Identified key solar energy metrics that enable most accurate stochastic forecasts of solar production.
    • Empowered the planning team to develop a process to evaluate power purchase agreements with solar developers.

    SATURN Applications

  • Forecast Wind Production and System Impacts

    Forecast Wind Production and System Impacts

    Company

    A large municipal utility in California.

    Challenge

    Develop stochastic forecasts of wind generation across diverse California weather patterns and analyze the impacts on system operations and production costs.

    SATURN

    • Identified key wind metrics that provide accurate forecasts of wind energy production under varying weather conditions.  
    • Modeled hourly energy prices aligned with wind speed scenarios and matching hourly wind production.
    • Integrated wind forecasts into system-wide generation planning and identified operational and cost impacts.   

    Impact

    • Developed a stochastic forecasting process that integrates wind generation into planning and budgeting processes.  
    • Identified key wind energy metrics that enable most accurate stochastic forecasts of solar production.
    • Empowered the planning team to develop a process to evaluate power purchase agreements with wind developers.

    SATURN Applications

  • Stochastic Production Costs for Large Cooperative

    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.

    SATURN Applications

  • Improve Integrated Resource Planning

    Improve Integrated Resource Planning

    Company

    Large Investor-Owned Utility with multi-state operations.

    Challenge

    Replace legacy modeling system and develop advanced Integrated Resource Planning (IRP) including optimized production costing for a diversified generation portfolio.

    SATURN

    • Provided detailed modeling of diverse generation technologies including thermal, renewable, and storage.
    • Enabled fast simulation, advanced optimization, and streamlined data configuration and visualization.
    • Established seamless coordination between production costing and integrated resource planning teams.

    Impact

    • Achieved breakthrough simulation speeds – over 25 times faster than previous legacy system.
    • Enabled unprecedented multiple simulations within a few hours – with improved solutions and detailed modeling.
    • Reduced setup and reporting time and improved cross-departmental coordination and analytical depth.

    SATURN Applications

  • Stochastic Asset Valuation

    Stochastic Asset Valuation

    Company

    Texas Rural Electric Cooperative experiencing unprecedented high demand growth and expansion needs.

    Challenge

    Forecast optimized operations of potential new generation plants and quantify associated economic value across different thermal, renewable, and advanced storage technologies.

    SATURN

    • Simulated potential market prices using most recent forward curves – on demand within minutes.
    • Developed optimized operations of power plants and forecasted operating margins and potential margin variability.
    • Provided breakdowns, long term trends, sensitivity analysis, and risk metrics that facilitated valuation with confidence.

    Impact

    • Enabled management to execute informed decisions with analytical confidence and fast evaluation.
    • Established reusable workflow and solution frameworks that enable rapid response to asset valuation needs.
    • Implemented automated reporting and data visualization enabling real-time collaboration and results sharing.

    SATURN Applications

  • 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

  • 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

  • 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

  • Retail Management for Load Aggregator

    Retail Management for Load Aggregator

    Company

    A small company providing energy to residential and business customers across 4 ISOs in the US.

    Challenge

    Streamline straight-through solutions for product design, pricing, supply costing, margin analysis, risk management, headroom analysis, and competitive positioning.

    SATURN

    • Enabled structuring, costing, and pricing highly customized products and offerings across multiple regions and customer types.
    • Facilitated power supply optimization and enabled on-going updates based on customers acquisition and attrition.
    • Empowered the risk manager with advanced risk management capabilities and enabled effective hedging strategies.

    Impact

    • Saved staff time and empowered team with advanced and integrated on-demand solutions – in minutes.
    • Enabled advanced headroom analysis, competitive positioning, effective product design, and dynamic pricing.
    • Eliminated operational bottlenecks and replaced inefficient EXCEL data management with online streamlined capabilities.

    SATURN Applications