Integrated Performance Monitoring for Asset Optimization

Utilities need technology that is able to accurately estimate the performance and health of the power plant, and assess and optimize the plant’s current generation position for the purposes of generating accurate market pricing and operating cash-flows forecasts. The technology must be able to provide the utility with the required information to support robust power trading and risk management strategies, and ultimately increase the profitability of the business. This paper will address the utilization of integrated performance monitoring technologies to improve asset optimization at power generating facilities and report on the health of the power plant. Additionally, this paper will provide insight to some specific advanced monitoring technologies, how integration of the technologies can provide increased value for plant operations, and address the impact on key performance indicators that almost all utilities track, formally or informally. Case studies related to the technical information presented will also be presented.