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Aligning the interests of the plant operators and traders can be greatly facilitated using PCI software and solutions. Managing generation assets involve considering all the physical limitations and costs associated with various operating strategies. Asset managers must develop strategies to communicate operating constraints to the operations and trading group. In addition to considering operating strategies, asset and portfolio managers continuously evaluate historical performance and determine asset improvements that enhance value.
PCI delivers solutions in this area that allow:
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Joint Operations Efficiency Calculation |
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Given the historical market and asset conditions, joint operational efficiency is determined through optimizing each portfolio in isolation and in combination. |
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Commercial Availability Calculation |
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Because the financial impact of being forced out in peak market conditions versus off-peak market conditions is tremendous, a measure of asset availability is needed to account for lost financial opportunity. |
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Commercial availability captures the aligned interests of the plant and the trader for performance measuring. |
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O&M Management |
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Consider how many start-ups and shut-downs are optimal under an OEM service agreement. |
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Provide clear operational signals to the traders from day to day. |
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Determine when to incur plant maintenance and back it up with financial measures. |
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Benchmarking |
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Adapting to lessons learned through historical benchmarking is an important step in optimal forward decision making. |
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