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Amid the growing impact of renewables and falling loads, utility leaders are embracing digital solutions that connect, monitor, analyze, and enhance performance across the entire Electricity Value Network (EVN). Digitization can help utilities:
PwC’s Utility Commercial-Ops Optimizer—based on Predix from GE—aggregates data in real-time from across the EVN—enabling better decisions around real-time and day-ahead power trading, fuel purchases and portfolio management across the entire generation fleet.
PwC’s Optimizer enables utility executives to gain dynamic insight into the true cost of plant operations. Utility executives benefit from a real-time PnL of commercial operations and can enhance bidding strategies based on real-time operational and market data. Additionally, the Optimizer helps utilities lower costs through reducing outages and increase margins through improving asset performance.
The PwC GE Digital Alliance helps global power and utilities companies harness the power of the Industrial Internet to transform into digital businesses. We apply deep business, industry, and technology experience to help clients architect and operationalize the right digital strategy to improve productivity, drive revenue growth, and create new disruptive business models.
Commodities Leader, PwC US
Jagoron (Jag) Mukherjee
Director, PwC US