As the utility industry continues to adapt to pressures from regulatory, corporate compliance, market and technology issues, the ability to harness information to optimize profitability is more daunting than ever. SAS, the leader in business intelligence, and Capgemini US LLC, one of the world's largest providers of consulting, technology and outsourcing services, are launching Adaptive Forecasting, a breakthrough energy demand and revenue forecasting solution.
The Adaptive Forecasting offering was generated from a 2003 benchmarking study by Capgemini. The study of ten U.S. utilities shows that the ability to more accurately predict the volume of retail and wholesale demand along with more accurate revenue projections can help drive significant financial rewards to those who do it well. Improving corporate governance through these same functions also can significantly reduce risk. The study concludes that many utilities find it difficult or impossible to achieve these savings due to a lack of integration, flexibility and functionality in their current demand and revenue forecasting systems.
"Our research indicates that there exists a general lack of integration between utility demand and revenue forecasting and corporate governance. Companies who truly desire to have world class forecasting capabilities can realize significant benefits to governance, shareholder value and operating profits," said Steve Bucalo, Americas leader for Energy, Utilities and Chemicals at Capgemini. "Our collaborative solution has the potential to deliver tremendous ROI from an integrated approach and world-class methodologies."
The Adaptive Forecasting solution enables generators and energy delivery businesses to reduce risks, increase profitability, and provide internal value in the areas of:
· Corporate governance compliance
· Portfolio optimization and pricing strategies
· Sourcing optimization and energy procurement strategies
· Energy balancing and customer acquisition and retention
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