Customers typically see fuel savings in the area of 0.5% with e7 Portfolio Optimization, a significant improvement considering utility fuel costs. At the outset of the product implementation, a key member of the Uniper management team expressed his expectations that Portfolio Optimization would help his company better interact with E.ON Energy Trading, optimizing its dispatch directives.
While Uniper can’t share specific metrics, the benefits delivered by e7 are estimated to be in the millions of dollars per year. Peek says it also helped Uniper become, to use a Dutch phrase, "more short on the ball," a soccer reference meaning that the time from idea to action and from question to response has been shortened.
"With all of our data instantly at hand, and the modeling tools available in e7, we are a far faster organization," says Peek. "We can respond more quickly to capitalize on current opportunities, such as changing fuel prices."
"Our technical people, operations group, and trading team are connected in a new and far superior way," adds Paes. "Aside from optimizing our operations, it’s enabled other improvements like guiding decisions about when to schedule outages and maintenance. While implementing the software was a necessity to operate in our new business arrangement, e7 has provided many additional and unexpected benefits."