Cost Insights
by PowerAdvocate

Intelligence for energy companies seeking a data-driven approach to cost management

What Utilities Need to Know about Energy Storage Cost Drivers

November 27, 2017 at 4:31 PM / by PowerAdvocate posted in Cost Reduction, Utility, Cost Transformation, Data and Analytics, should-cost

More likely than not, your utility is already or soon will be procuring battery energy storage as part of its grid modernization strategy. In fact, according to BCC Research, the global market for grid-scale battery storage technologies is projected to reach nearly $4.0 billion in 2025, up from $716 million in 2015.  Battery costs have fallen dramatically over the past decade. However, events in the Democratic Republic of the Congo are putting the brakes on further cost reductions. Here’s a look at what’s happening and how you can approach your battery procurement planning in light of these events.

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Why Your Utility Should Do Should-cost Analysis

September 21, 2017 at 7:09 AM / by Kristen Brewitt posted in Utility, Cost Transformation, Supply Chain Transformation, Data and Analytics, should-cost

Do you manage a utility supply chain, procurement process, or supplier relationships? Or collaborate with and depend on teams that do? If so you know how heavy a lift it can be to effectively manage asset-intensive energy sector costs. Should-cost analysis helps address two key challenges that get in the way of delivering even more value for your organization.

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Supply Chain, Finance & the Data Analytics-driven Utility Future

June 29, 2017 at 8:19 AM / by Kristen Brewitt posted in Utility, Cost Transformation, Supply Chain Transformation, Data and Analytics

The Chief Procurement Officer’s organization has become a central driver of utility competitiveness and operational efficiency. During the EEI Annual Conference 2017 in Boston earlier this month, we had a number of discussions with CFOs around how Finance and Supply Chain can collaborate more closely to drive enterprise-wide value and efficiencies. Here's what we're seeing.

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How Data Enhances Utility Supply Chain Value

March 15, 2017 at 1:57 PM / by Kristen Brewitt posted in Utility, Cost Transformation, Supply Chain Transformation, Data and Analytics

Utilities rely on supply chain to manage resources efficiently and effectively across a wide range of projects and operations. Delivering on this mandate is increasingly challenging – and critical – as utilities adjust operational cost models and investment strategies to satisfy stakeholders and stay competitive. By connecting new data sources for more accessible, powerful historic usage data, many utility Supply Chain organizations are enhancing their enterprise-wide value.

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Collaboration and the Art of Utility Cost Transformation

January 26, 2017 at 10:20 AM / by Kristen Brewitt posted in Utility, Cost Transformation, Supply Chain Transformation

When it comes to the utility cost transformation journey, every group has a different role to play. Supply Chain organizations are in a unique position to apply their deep spend, cost, and supplier management expertise to help advance enterprise-wide objectives. One path for sustained value creation is through enhanced stakeholder collaboration – both internally with business units and externally with suppliers.

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Adapting Supply Chain to the New Utility Business Model

January 24, 2017 at 6:01 PM / by Kristen Brewitt posted in Utility, Cost Transformation, Supply Chain Transformation

Utility Supply Chain continues to be in the spotlight, reflected in how much these organizations are asked to adapt and change. Driven by short-term earnings pressure, revenue challenges, and debt limitations, the C-suite needs more cost savings more quickly. The challenge for Supply Chain is to stay ahead of changing priorities and secure executive buy-in on the budget. While it may be easier said than done, earning the respect of business units helps pave the way to shared success.   

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