Planning and Implementing Energy Schedules

If you work in the electric utility industry, you know how important it is for system operators to have access to as much of the relevant, real-time data as possible in order to ensure the reliable scheduling of energy transmission between and within control areas. Additionally, the data useful for forecasting and tracking demand and capacity can be extremely helpful in maintaining compliance with the Security and Reliability Standards. Which are regulated by the Federal Energy Regulatory Commission (FERC), according to recommendations by the North American Electric Reliability Corporation (NERC).

Knowing what is expected of responsible entities within the bulk electric system (BES) is only half the battle. While communication and strict adherence to federal and local standards are important components of a responsibly operated interchange, it is far too easy to make mistakes without a powerful software to help you with the implementation of energy schedules. But before you make a wise investment in Versify’s state-of-the-art software solutions, make sure you have a full appreciation for both the necessity and the complexity of what system operators must do in order to coordinate the most cost-effective and reliable transmission of energy.

Understanding Energy Schedulesshutterstock_100515940

The process of energy scheduling can be understood in a couple of different ways, depending on the position of the entity in question on the path of transmission. In general, scheduling refers to the strategic intention to deliver energy or power along a specified transmission path between two different locations.

For a Control Area, this means not only negotiating and scheduling the transmission of energy between different locations, but also ensuring the implementation of power schedules.

For any non-Control Area entity that buys or sells power, the scheduling or changes to scheduling they make must be confirmed and implemented by the Control Area, which is required to serve as the host Control Area (HCA) for any purchasing-selling entity within its boundaries.

The reliability of transmission and distribution across the interchange depends on a thorough and meticulous coordination of energy schedules between responsible entities. Failure to analyze the data as thoroughly as possible in order to make strategic choices for your energy schedules can result in significant financial losses to your operation. Moreover, neglecting any crucial piece of data relevant to your scheduling could lead to non-compliance issues, costing you even more in fines and administrative costs.

Saving Costs with Versify Solutions

Versify’s suite of real-time analytical and management solutions, including Versify’s Portal Compliance software, integrates up-to-date industry knowledge and standards with your daily operations, empowering your system personnel to track and collect information that is vital to your energy schedules. These cutting edge software products can save you significant amounts of money through efficiency and compliance with NERC regulations. Arrange a full capabilities demonstration today to find out how Versify can bring you more reliability.