Reliability, Putting the Pieces Together
The price of achieving adequate levels of reliability throughout the vertically
integrated Electricity value chain will be high … in the order of as much as perhaps
6% a year in rate increases over the next ten years, according to B&V proprietary
research. While this amount may seem large, it comes into clearer perspective when
compared to the economic costs of not having adequate reliability. Various studies
and expert opinions place the economic value of reliability to the U.S. anywhere
between $40 and $400 billion annually. The White Paper below, titled; Reliability
at the Crossroads explores the issue in more detail.
Both the NERC Assessment and Black & Veatch survey underscore industry concerns
over the adequacy of reliability, and are stark reminders of the need for all stakeholders
to work cooperatively to improve the nation’s bulk power and power delivery infrastructure.
Reaching reliability goals isn’t an issue that is centered on a single function,
and can’t be achieved by any single strategy or practice. It is the place where
many of a utility’s core capabilities converge. That’s why a well thought-out resource
plan is typically the agreed upon first step. Here you’ll get a clear view of your
company’s ability to meet its standards consistently and at best cost, as well as
a picture of what you need to do if the standards are at risk of being missed. Resource
plans are essential to least cost planning and regulatory compliance. Like any journey
however, the most important step is the first step.
Enterprise Management Solutions (EMS), the management consulting division of Black
& Veatch offers
strategy development solutions,
process improvement solutions, and
technology implementation solutions designed to improve your operations,
assure compliance and enhance your ability to serve your customers. Contact Enterprise
Management Solutions and start your journey to improved reliability today.
Call (913) 458-3440 or email us at EMSinfo@bv.com