Solomon Associates has embarked on its Worldwide Power Generation Performance Analysis (Power Study) for operating year 2010. These studies enable power generators to identify performance gaps as a basis for improving reliability and operational cost allocations.

“The economic downturn combined with perceived and actual changes in regulatory direction around the globe have caused an evolution in the market and the way clients are operating,” said Ed Platt, vice president of power. “We’re seeing that changing constraints in various regional generation markets are driving more companies to use benchmarking to evaluate performance in an evolving business.”

Clients representing more than 15 countries entrust Solomon Associates with their most sensitive operational data, which the company uses to develop proprietary, confidential comparative analyses to help study participants accurately analyze their cost components in order to balance opportunities for improvements in cost, reliability, and production.

With changes like renewables increasing in regional markets, Platt sees the need for power generators to stay current with the operational changes of their peers as essential to survival. “It will be a tough transition for some, but those who use data to identify emerging trends and opportunities to improve their operations will benefit the most and suffer the least," he said.

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