Ensuring a good user experience (UX) is paramount to a company’s or organization’s success. It creates efficiencies, improves customer satisfaction and loyalty, supports scalability, reduces costs, and drives growth.
Understanding your project management capabilities is the first step towards improving them. At ScottMadden we use a proven methodology to assess project management capabilities, built upon the Project Management Institute standards. In addition, our own deep subject matter expertise and experience leading large project implementations allows us to create actionable recommendations that tailor to our client’s needs, culture, risk tolerance, and time horizons.
The electric power industry is experiencing a sea of change. From the growing addition of intermittent, often distributed, renewable energy sources to new and more efficient ways that residential, commercial, and industrial users are consuming electricity, the underpinning grid infrastructure is transforming at an unprecedented pace. Never before have strategic investment, operations, risk mitigation, and compliance been so important or challenging.
Energy markets in the United States continue to evolve, creating opportunity, risk, and complexity. Companies that have a thorough understanding of market processes, rules and tariffs, hedging strategies, and portfolio management capabilities can benefit from active market participation to reduce costs and risks and optimize earnings.
Whether you are deciphering current market tariffs and business practices, navigating the sometimes confusing application process, or compiling other required data for resource adequacy, load forecasts, etc., participation in the organized markets can be complex.
We can help you optimize the benefits of market participation. Through our experience in energy market structures and market participant operations, organization structure, and process constructs, we can help you determine what to do now to take advantage of potential opportunities.
The ways you operate, plan, and maintain the grid and interact with customers are changing. We can help you face these challenges with confidence. Our grid edge experts help you adapt to the changes driven by the increasing penetration of distributed energy resources (DERs) such as distributed generation, storage, demand response, and microgrids.
Resource acquisition by utilities is critical to meet the demands of customers, utility commissions, state regulations, and political mandates. As power plants age and power contracts expire, many companies are looking to acquire new resources in order to meet these demands. Any viable resource acquisition solution must consider the cost, the operating characteristics, technology readiness, and availability of resources. By taking these into consideration, a successful resource acquisition strategy will ensure reliable and cost-effective services for your customers.
NERC mandates regulatory programs which require utilities to protect their operations and ensure overall reliability of the bulk electric system. Non-compliance with NERC requirements puts the grid at risk of reliability issues or security breaches and puts your company at risk for significant fines.
Many organizations are faced with the challenge of reducing costs. In fact, companies are increasingly incorporating cost-reduction initiatives into their strategic priorities. Maintaining operations and service levels while also minimizing the impact to employees can seem daunting. It is important to find the right solution that helps your company optimize costs in a sustainable way.
Demand forecasting informs many critical business decisions in electric and gas companies. Creating an accurate forecast for consumer demand will make your company more competitive in the marketplace. However, preparing a demand forecast requires a wide range of analytical skills, research, and experience. To be successful, you need a thorough understanding of statistical analysis, the industry, the subject company and its service territory, and regulatory precedent.
Sussex Economic Advisors is now part of ScottMadden. We invite you to learn more about our expanded firm. Please use the Contact Us form to request additional information.