Power Systems Operations: Incorporating Unprecedented Visibility in Energy Technology

A broad range of regulatory requirements are driving changes in the current energy technology landscape. Additionally, companies must respond to the norms related to energy policy, emissions and climate change, price and tariff requirements, and an array of minimum service obligations. “Energy companies are constantly dealing with changes in operational rules and critical business decisions regarding pre-scheduling, scheduling and after-the-fact settlements,” states Vicki Vanderburg, Founder and President, Power Systems Operations (PSO). “We recognize that each company runs a unique business, and so our cardinal offerings focus on meeting the requirements of planning phases, all the way through system deployment and production.” PSO’s key product, VERA, provides clients with unprecedented visibility and control over the formulas and equations applied in pre-scheduling decision-making, scheduling and settlements, as well as powerful tools for managing data and moving it securely through internal and external networks.

To keep pace with the current technological trends within the energy landscape, PSO’s solutions are built on the latest industrial technology platforms. Utilizing best practices to deliver the technology that make up the VERA Suite, the company’s team of experienced energy industry experts understand the challenges that companies are facing and interact effectively with customers in solving their different levels of operational difficulties. “VERA can be licensed as Software as a Service (SaaS) product for those customers who wish to use a hosted facility. It was engineered to minimize costly one-off customizations and provide the customer with a highly intuitive graphical interface that requires little or no programming experience to use,” says Vanderburg.

VERA eliminates the risk of corrupted spreadsheets, stores the data in a backed-up database, and provides data access to multiple systems, thereby allowing the customer to leverage their existing systems—eliminating the need to update all legacy systems at once. The calculation tool of the VERA application suite enables customers to create and maintain the custom equations that are used throughout their operation; from forecasting needs ahead of the trade date, to real-time and settlements calculations.