Energy Planning & Analytics Software: Planning and Risk
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Planning and Risk is a portfolio management solution to analyze, report, and actively manage your assets, including power plants, customer loads, fuels and contractual positions.
Planning and Risk is a single solution that allows electric utilities, generation companies, retailers, and trading organizations to consistently analyze and review all their existing and potential assets within one tool. By combining generation asset evaluation, contract evaluation (both physical and financial) and customer loads in one module you dramatically improve efficiency and consistency of budgeting, planning and reporting analysis.
Planning and Risk provides:
- Fast base case, scenarios, stress tests and market leading probabilistic evaluation of both the financial and physical implications of decisions.
- Single plant or contract evaluations to company wide portfolio analysis spanning multiple market areas.
- An easy input interface and range of output options including standard and customizable output reports and integration with other software.
Budgeting and Planning
Planning and Risk provides a consistent foundation for budgeting across your resource portfolio allowing consistent modeling of generation assets, fuels, retail loads, tariffs, contracts and complex structured deals in one system. It provides consistent estimates of generation, fuel burn, emissions, cost and revenue estimates.
Planning and Risk is used in financial forecasts and volume estimates for individual departments or consistently across the entire enterprise. Power plant and contract optimization used in the budgeting process can be directly utilized in actual dispatch and contract execution through the Generation Management module and combined with the Ventyx ETRM solution providing for a complete enterprise-wide solution.
Resource and Investment Analysis
Planning and Risk continues to set the standard for asset and contractual investment decisions for both regulated and competitive market environments across the globe. It has been applied to produce utility Integrated Resource Plans that consider plant construction or purchase options, renewable obligations and contracting decisions while considering market and load growth uncertainties.
Planning and Risk is widely accepted by both financial markets and regulatory commissions as an appropriate model for major investment and rate case analysis. It is used extensively to provide generation plant valuations for financings, accounting treatment of assets and investment decisions under uncertainty and has been used to support the review and/or the financing of over $100 billion of generation assets.
Utilities regularly use Planning and Risk to efficiently choose among many alternative plant improvement decisions for capacity increases, environmental analysis, life extension and heat rate improvements.
Planning and Risk can evaluate environmental limitations by asset and/or portfolio across weekly, monthly and annual limits. SO2, NOx, CO2, Hg limits can be set to evaluate the impact of latest environmental legislation, emissions trading and investment implications.
Enhanced intermittent capacity modeling allows a more accurate representation of wind and other renewable generation assets, as well as detailed hydro and thermal capabilities.
Transaction Evaluation
Planning and Risk is used extensively by leading industry players for the structuring and valuation of contracts including complex tolling and load-following contracts. Utilities and energy service companies also use it to help structure retail customer contract rates as well as evaluate alternative options within a structured auction process. It can model the uncertainty of load for multiple customer types and their associated energy and demand charges together with fixed or indexed rates.
Planning and Risk can model a wide array of potential contract structures. Contract characteristic choices for electric energy and fuels include physical and financial, fixed and index-priced, forwards and swaps, options and swing contracts. Complex power contracts are also accurately modeled, including tolling deals, firm transmission rights (FTRs), and backup generation and load management options. It has several advanced techniques for comparing alternative portfolios and optimizing the risk versus reward tradeoff of fuel or power hedging decisions.
Risk Assessment
Planning and Risk allows you to undertake comprehensive risk assessment using scenario, stress testing and stochastic risk assessment approaches. It provides a variety of risk measures based around the uncertainty facing a particular asset or portfolio, providing risk analysis by value, individual time periods, individual assets, counterparty, trading book, or by user-defined groupings.
Risk simulation techniques such as Cash Flow at Risk and Value at Risk are supported using the appropriate Monte Carlo approach.
