A Generator's Journey
Energy generators must constantly optimize power production, manage market risks, and ensure efficient asset maintenance. Navigating complex energy markets while ensuring operational efficiency is crucial for success.
Enter SoftSmiths
The strategic partner for generators looking to enhance their operations, mitigate risks, and increase profitability.
The Plan for Generators
SoftSmiths begins with a thorough analysis of your generation, forecasting, and trading processes.
Many generators, especially those managing multi-owner power plants, face challenges in reacting to market signals or efficiently scheduling their assets.
SoftSmiths’ Load Forecasting tools provide real-time forecasts, helping you predict demand, optimize power output, and avoid inefficiencies that eat into profitability.
Volatility in energy prices presents significant risks for generators, especially those participating in ISO markets. SoftSmiths equips generators with Trading & Risk Management tools that help you hedge against market fluctuations and maximize your revenue from power sales.
By managing both physical and financial trades, you can ensure your risk exposure is minimized while your profits are optimized. Real-time position tracking and credit exposure monitoring further enhance your ability to handle market volatility.
Managing generation assets and submitting accurate schedules to multiple ISOs can be complex and prone to error. SoftSmiths automates the entire process—scheduling, submission validation, and settlements—allowing generators to submit schedules on time and ensure accurate settlements.
With faster revenue recognition and reduced errors, your cash flow improves, and operational delays are minimized
With the rise of sustainability initiatives, generators often need to manage Renewable Energy Credits (RECs) for compliance and revenue maximization.
SoftSmiths’ REC management tools streamline tracking, reporting, and trading, enabling you to capture additional revenue from renewable energy assets while ensuring compliance with environmental regulations.
Unplanned outages and inefficient maintenance schedules can significantly impact a generator’s profitability.
SoftSmiths’ Asset & Outage Management tools help you plan and manage both planned and unplanned outages, track asset performance, and optimize maintenance schedules.
By minimizing downtime and ensuring that your assets operate at peak performance, you protect your revenue and extend the lifespan of your assets
The Outcome
By adopting SoftSmiths’ solutions, generators can take greater control of their operations through accurate forecasting, enhanced trading capabilities, and streamlined asset management.
The result is optimized production, improved efficiency, and greater profitability.
The
Risk Without SoftSmiths
Without SoftSmiths, generators face inefficiencies in scheduling, forecasting errors, and unplanned outages.
This can lead to missed opportunities, increased costs, and heightened market risk.
CLIENT SUCCESS
“We are very excited about this implementation. SoftSmiths was the only vendor who offered an integrated solution that provided the desired functionality and were able and willing to customize it to our specific needs,” said an Integrated Resource Manager for a large Municipality.
“Our experience in working with SoftSmiths as a business partner has been very positive, and we have high regard for their products and services, in particular their competence, integrity and responsiveness.”