Centrica Energy Increases Profit by US$1.6 Million and Gains Instant Return on Investment

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Executive Summary

Centrica Energy wanted to improve the accuracy of risk assessments undertaken prior to power plant shutdowns for routine inspection and maintenance and predict cost and duration of outages and optimize scheduling to mitigate risk of overruns at average daily cost of US$245,000. The challenge was to identify, quantify, and manage both probabilistic and unknown areas of risk and uncertainty throughout entire project lifecycle and calculate additional energy to meet customer demand during an outage and to source at the most advantageous prices. Centrica Energy implemented Oracle's Primavera Risk Analysis to leverage risk and adjusted scheduling to mitigate cost and duration of US$49 million overhaul of the 1,260 MW South Humber Bank plant.

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