Industries We Serve
Transmission & Distribution
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.
Performance Assessment and Benchmarking
The energy landscape is rapidly changing. With these changes, utilities are facing new risks and new economic, regulatory, and market dynamics. It is critical that your company reacts to these dynamics and strategically positions itself to face a number of external forces such as a constantly evolving regulatory environment, shifts in generation fleet composition, and fundamental changes in the way the electric grid is designed and operated. ScottMadden’s experienced team has extensive knowledge of the issues facing energy companies today and can help you produce practical results to position your company for long-term success.
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.
Enterprise Cost Reduction
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.
Smart city initiatives take many shapes and forms, from information kiosks and street light management to gunshot detection and response. They are used to collect data and to manage assets and resources. Typically, smart cities are driven by five primary objectives: economic development, security, quality of life, cost savings, and sustainability. As technology, the economy, and the environment change, smart cities have generated increased interest.
There are a number of roles that utilities and others can play in leading or supporting the development of a smart city. ScottMadden can help you identify and implement the appropriate strategy based on your objectives, capabilities, and existing assets.
In recent years, gas local distribution companies (LDCs) have increased their infrastructure investments due to an increased focus on safety improvements buoyed by state regulatory support for those investments. However, as the remaining infrastructure replacement projects become more difficult and expensive, LDCs are challenged to meet commitments to regulators and customers related to capital deployment and project and program execution.
With more than 35 years of industry experience, ScottMadden works with our gas LDC clients to develop regulatory and capital strategies to address these challenges. We provide you with the necessary tools and technologies to implement those strategies and to execute your critical programs successfully.
We can help you improve your gas distribution business by implementing the appropriate management systems to manage cost, ensure safety, and improve the reliability of natural gas delivery.