ANALYTICS & POST ANALYSIS

Power companies are often interested in analyzing their plant and portfolio operational performance with the ultimate goal of improving it. Additionally, a company’s policies or regulatory rules may require it to document and demonstrate it has operated prudently according to market and regulatory frameworks.  

When serving multiple objectives such as rate-payer and shareholder satisfaction, as well as reliability and economics, many companies must analyze and present how decisions are made. Further, they must show how costs or benefits are allocated among different stakeholder groups or objectives. This process is necessary but quite complex since generation and transmission systems are operated as an aggregate to achieve overall reliability and efficiency.

BENEFITS
PCI’s Post Analysis system delivers a broad set of business process solutions and reports. Some of the key functionality provided includes:

  • Automation to run required (GenTrader®) studies and analyze the output
  • Sets of calculations to produce the required results
  • Standard reports that show post analysis results
  • APIs to retrieve results for integration with other systems
  • Screens and tasks to support the setup of inputs needed for post analytics
  • Displays that allow a user to quickly see, create, update, and delete transactions

SAMPLE APPLICATIONS
PCI’s Post Analysis tool includes 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. KPIs (key performance indices) delivered by this analysis include:

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

Transaction Costing
Assess the costs of physical transactions (purchases, sales). For each transaction, the KPIs delivered by this analysis include: 

  • Total Cost
  • Total Revenue
  • Total Margin
  • Cost Contribution by Operational Components (e.g., fuel, startup, O&M, emissions)
  • Contributions by Position (assets, contracts, and market).

Lost Opportunity Costing
PCI assesses the opportunity cost lost due to asset events such as outages or derates. For each asset, KPIs include: 

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