INGATE

From The Sip Trunking Experts

TMCNet:  SAS® Energy Forecasting Increases Return on Smart Grid Investment

[June 11, 2013]

SAS® Energy Forecasting Increases Return on Smart Grid Investment

AMSTERDAM --(Business Wire)--

SAS Energy Forecasting, new from the business analytics leader, helps utilities operate more efficiently by capitalizing on new interval data from smart meters. Unlike other load forecasting software, SAS (News - Alert) Energy Forecasting supports multiple planning horizons - from the next hour to the next 50 years.

Faced with volatile wholesale energy markets and increasingly complex asset portfolios, utilities need robust load forecasting to improve planning and operations while ensuring that lights come on when customers flip the switch. Without analytics, the increasing volume and variety of data can easily overwhelm traditional forecasting systems and processes.

"We saved utility customers millions of dollars in our first year using SAS," said David Hamilton, Manager of Load Forecasting for Old Dominion Electric Cooperative, which provides wholesale power to 11 not-for-profit distribution cooperatives. "With SAS, we can capitalize on massive volumes of new data and quickly adjust to changing conditions. We needed to understand how our customers are likely to buy energy in the future. We couldn't answer that question for the organization if we didn't have SAS."

Utilities can use big data from smart meters, power plants and other sources to produce accurate and timely forecasts of short- and long-term load and demand. This helps the utilities better trade energy on the open market, while optimally managing power plants, generators and other assets. To learn more, read the free white paper When One Sze Doesn't Fit All: Electric Load Forecasting with a Geographic Hierarchy.


Generating a return on smart grid investments

Investor-owned utilities are charged with delivering safe and reliable power that meets customer expectations while delivering shareholder value. The ability to predict the volume, variability and location of energy demand brings significant financial rewards.

"SAS recognized the opportunity for utilities to use big data to make a marked improvement in forecasting effectiveness," said Alyssa Farrell, SAS Global Marketing Manager for Energy and Utilities. "Working with our customers, we developed SAS Energy Forecasting to go beyond what any forecaster has had access to before. We include utility-specific forecasting models and a comprehensive forecasting toolset for further refinement or custom configuration. Data mining and other analytical methods produce forecasts that more accurately reflect business realities and better guide decision makers ranging from load forecasters to senior executives."

Utilities harness big data

"Forecasting technologies can help utilities optimize processes across the value chain, from energy trading to demand-side management," said Stuart Ravens, Principal Analyst at Ovum (News - Alert) Energy and Sustainability. "SAS Energy Forecasting positions this company at the forefront of the development of analytics products specifically for the utilities industry."

Utilities have successfully used forecasting in the past. Today's new challenges, including the added complexity of wind- and solar-power generation, require even greater attention to the data sets and models that feed those forecasts.

"We needed a forecasting solution that was more flexible and responsive to deal with variations in demand caused by a number of factors, including the general economic downturn, changes in market conditions and the unpredictable weather we've seen," said Andrew Mortimer, Forecasting Optimization Manager at RWE npower, a leading integrated UK energy company. "Since adopting the SAS solution, we've seen a significant reduction in the error rate for commodity forecasting, driving considerable cost savings. We can now interrogate large data sets in a more efficient and effective way than previously, so I'd expect to see these cost savings sustained over the coming years."

Energy and utility leaders around the world rely on the power of SAS to deliver the analysis, forecasts, and energy trading and risk management systems for effective decision making across the enterprise. With SAS Analytics, utilities track and manage resources by geography, weather sensitivity and customer load characteristics. No other forecasting solution provides the automation, scalability, statistical sophistication and transparency of SAS Energy Forecasting.

Today's announcement came at The Premier Business Leadership Series event in Amsterdam, a business conference presented by SAS that brings together more than 700 attendees from the public and private sectors to share ideas on critical business issues.

About SAS

SAS is the leader in business analytics software and services, and the largest independent vendor in the business intelligence market. Through innovative solutions, SAS helps customers at more than 65,000 sites improve performance and deliver value by making better decisions faster. Since 1976 SAS has been giving customers around the world THE POWER TO KNOW®.

SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. ® indicates USA registration. Other brand and product names are trademarks of their respective companies.¬†Copyright © 2013 SAS Institute Inc. All rights reserved.


[ Back To SIP Trunking Home's Homepage ]

Loading
Subscribe here for your FREE
SIP TRUNKING enewslettter.

Featured Partner


Featured Whitepapers

SIP Security for the Enterprise
Voice over IP (VoIP) is incorporated into a variety of computer networks, both public and private, and used for everyday transactions and communications among carriers, businesses, government agencies...

Making A Broadband Purchase Decision
Businesses today have many options for broadband connectivity. Clarifying your particular business needs prior to selecting a broadband provider will ensure an optimal match of broadband service to your requirements.

Voice-Optimized Network Delivers Premier Call Experience
Customers equate call quality with business quality. Real-time communication, interpersonal interaction, and the cordial tone of a call center representative can create a positive impression of your business that no email can match.

Featured Case Studies

Business Telecom Expenses Reduced 50%
A small to medium sized company in the midwest was interested in migrating to IP Communications, but in today's economy, they were hesitant to upgrade their communication system due to their perception that the cost would outweigh the benefits.

Multi-State Company Cuts Telecom Costs 50%
A multi-site, multi-state company with extensive monthly long distance fees and toll-free charges did not have adequate broadband for Broadvox SIP Trunking requirements, nor did they have a SIP enabled telephone system.

Discover Leisure Connects Remote Users to its IP-PBX
Discover Leisure is one of the largest resellers of caravans and motor homes in the UK. With 15 branch of?ces all over the country, the company spent a great deal of money every month just on internal phone calls.

Featured eBOOKS

Internet+: The Way Toward Global Unified Communication
Connecting the telephony of the enterprise PBX or Unified Communications (UC) system using SIP trunks instead of conventional telephone lines has been very successful in recent years.

What is SIP Trunking? Edition 2
SIP trunking is becoming more of a focus for service providers. One key issue many service providers face when deploying SIP trunks is NAT, or Network Address Translation, traversal.

What is SIP Trunking? Edition 1
A vast resource for information about all things SIP - including SIP, security, VoIP, SIP trunking and Unified Communications.

Featured Videos

Broadvox VAR Testimonial VAR 1:
Part 1 of the VAR (Value Added Reseller) Partner Program Testimonials for Broadvox...

E-SBCs AS The Demarcation Point:
Ingate's Steve Johnson talks to Erik Linask about the role session border controller plays as the demarcation point at...

Demystifying DPI
How can deep packet inspection protect your SIP traffic as well as your entire network?

Featured Resources

Partner Program Overview:
Over 4,000 VARs, Master Agents, Solution Providers, and Independent IT Professionals trust Broadvox. We offer customized services and solutions to fit seamlessly into any company's business model. And when you partner with Broadvox, every member of our team stands behind you and your customers 100%...

SIP Trunk UC Summit

What's New

Presenting the New Ingate/Intertex Website:
Internet+ is an extended Internet access allowing high quality SIP (Session Initiation Protocol) based real-time person-to-person communication, everywhere and for any application. It applies to both fixed and mobile networks ...

Featured Blogs

Featured Webinars

Secure SIP Trunking:
What You Need to Know

Successfully Deploying Enterprise SIP Trunking:
Tools and Techniques for Overcoming Common Roadblocks

Featured Podcasts

Getting the Most Out of Your SIP Trunks:
Ingate's Steve Johnson and TMC's Erik Linask discuss how best practices forgetting the most out of SIP Trunking services and common pitfalls to avoid.

Featured Datasheets

Ingate SIParator E-SBCs
Adopting SIP is a simple process with the Ingate SIParator, the secure enterprise session border controller (E-SBC). The SIParator makes secure SIP communications - including VoIP,SIP trunking and more - possible while working seamlessly with your existing network firewall.

Ingate Firewalls
Everyone is talking about enterprise usage of VoIP, instant messaging and other types of realtime communications including presence and conferencing.

SIP Trunk Solutions for Service Providers
The award-winning Ingate Firewall and Ingate SIParator deliver a high quality, reliable SIP trunk connection between the customer's IP-PBX and the service provider network, and solve interoperability issues to simplify deployments and support for remote diagnosis of reported issues.