Analytics & Post Analysis

Energy companies, and power plant operators particularly, need to analyze performance with the goal of improving it.  Company policies or state/federal regulations generally require them to demonstrate prudent operations according to established rules.

When serving multiple objectives and stakeholders, many companies must develop processes and analyses to show how decisions are made and how costs (or benefits) are allocated among different groups.  This can be an arduous data analytics challenge, but a necessary one that helps achieve overall reliability, efficiency, and compliance. 

To support critical generation asset performance analyses, PCI’s Post Analysis solution delivers a broad set of business process solutions with some of the key features and functionality including: 

  • Screens and tasks to support the set-up of inputs needed for post-analysis processes
  • Automation to run all required GenTrader® studies and retrieve output for analysis
  • A comprehensive set of calculations to produce the required results needed by the enterprise
  • Standard and customizable reports that show post-analytic results in a meaningful way for decision-making
  • Integration APIs to retrieve results from non-PCI or third-party systems
  • Screens and APIs that allow users to create, view, update and delete transactions

SAMPLE Post analysis business process solutions 

PCI’s Post Analysis solution is composed of the following business process solutions:

Operating Efficiency Costing
Evaluate the cost of operational inefficiencies by computing the difference between actual and optimal operational costs due to commitment and dispatch deviation from optimality. KPI’s delivered include:

  • Load Following Index
  • Unit Commitment Index
  • Reliability Cost Index. 

Transaction Costing
Assess the cost of each physical transaction (purchase/sale). KPI’s delivered include:

  • Total Cost
  • Total Revenue
  • Total Margin
  • Cost Contribution by Operational Components (e.g., fuel, start-up, O&M, emissions)
  • Contributions by Position (Assets, Contracts, and Market)

Lost Opportunity Costing
Measure the opportunity cost lost due to asset events such as outages or derates. For each asset, KPI’s include:

  • Total Cost of Lost Opportunities
  • Total Revenue
  • Total Margin
  • Cost Contribution by Operational Components (e.g., fuel, start-up, O&M, emissions)
  • Contributions by Position (assets, contracts, and market)