Keeping Current In The Utilities Market

Topics:
Contingency Planning,
Enterprise Risk Management
Tags:
Business Operations,
DISASTER-RESOURCE.com,
Finance,
It Services,
Management,
Operational Accounting,
Operational Planning,
Strategy,
Utility
Source:
DISASTER-RESOURCE.com

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Overview: From a business continuity perspective, today's utilities face a number of risks that could impact customer service, energy delivery, and financial optimization. Utilities are "rightsizing" to improve operational efficiencies, and merging with and acquiring other utilities in an unprecedented fashion. Compounded with the complexities of today's utilities market is the fact that national utilities have stringent business processes reliability and availability thresholds which must be maintained in order to continue to function as a utility provider. Utilities are like any other business - they exist to generate a profit. Utilities attempt to buy or generate power at a low cost, and sell at the highest cost the market or a regulatory agency will allow. It explains about the group business processes that are significantly impacted by downtime into four main categories. They are financial optimization processes (energy dispatch and power/natural gas trading), power generation, delivery/transmission, and support functions (customer relationship management, information technology, and back-office functions). All of these processes have their own specific risks that must be actively managed to be competitive in today's utilities market. To get the details how these processes manages the risk, read the article.

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Format: HTML | Date: Jan 2003 | Pages: 1

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