Energy Event Index: Weather risk forecasts for power utilities

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Energy Event Index: Weather risk forecasts for power utilities

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Weather is the source of many of your most significant operational challenges. It not only causes outages that upset customers and inflicts damage to your infrastructure; it also impacts important......

Weather is the source of many of your most significant operational challenges. It not only causes outages that upset customers and inflicts damage to your infrastructure; it also impacts important decisions, such as offering mutual assistance to other organizations or requesting it for your own.

Weather-related outages are on the rise, increasing in frequency six fold over the last 20 years.* These outages cost the U.S. economy $20 to $55 billion a year.** When combined with increased staffing costs, leaner budgets, potential fines, and increased customer expectations and media scrutiny, the threat of outages makes managing weather events even more important.

To help you better anticipate these critical events and to understand their specific risks, at Schneider Electric, we offer our proven Energy Event Index forecasts. With them, you can make better-informed decisions that can save you significant expenses with mutual aid calls, and help avoid major public relations and regulatory headaches.

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  • 1. Energy Event Index Weather risk forecasts for power utilities Make the most of your energySM
  • 2. 02 | Energy Event Index Energy Event Index Weather is the source of many of your most significant operational challenges. It not only causes outages that upset customers and inflicts damage to your infrastructure; it also impacts important decisions, such as offering mutual assistance to other organizations or requesting it for your own. Weather-related outages are on the rise, increasing in frequency six fold over the last 20 years.* These outages cost the U.S. economy $20 to $55 billion a year.** When combined with increased staffing costs, leaner budgets, potential fines, and increased customer expectations and media scrutiny, the threat of outages makes managing weather events even more important. To help you better anticipate these critical events and to understand their specific risks, at Schneider Electric, we offer our proven Energy Event Index forecasts. With them, you can make better-informed decisions that can save you significant expenses with mutual aid calls, and help avoid major public relations and regulatory headaches. Easy risk assessment Our Energy Event Index forecasts feature a one to five, color-coded rating system that allows you to easily assess threats related to an individual weather event, such as high winds, heavy snow, or ice. The forecasts also factor in the effects of the time of year and foliage coverage. What’s more, you can view the weather’s impact on your utility up to seven days out. This supports improved near-term planning, including mutual assistance- related decisions. By knowing that mutual assistance is not needed, you can potentially save millions of dollars. You can also better determine when it will be needed, and how much will be needed — ensuring faster restoration and helping you avoid customer, public relations, and regulatory issues. Each forecaster also provides his or her confidence level in the forecast to give you a better sense of the likelihood of the forecasted event. Easily assess your risk for each individual weather event with our one to five rating system *Berkeley Labs report, 2012; ** IEEE Spectrum 2013, 2013 IDC report
  • 3. Energy Event Index | 03 Our Energy Event Index forecasts can be customized to your utility’s service territory and unique decision triggers. This gives you greater control over the information you need to make decisions and minimize outages — helping you to better manage high profile weather events. Energy Event Index forecasts have been proven invaluable to public utility commissions. They help demonstrate that the utility has taken proper emergency preparedness steps. This helps utilities to defend their mutual aid decisions, and to recoup the investments made in those decisions. Backed by industry-leading professionals Energy Event Index forecasts are created by our team of experienced, power utility-focused meteorologists. These include many of the same individuals who have helped ensure the accuracy of our industry-leading temperature and precipitation forecasts, which have been rated number one for the last seven years in an independent study. You can be assured that you are supported by the same level of knowledge and commitment. In addition to these forecasts, you can add around- the-clock telephone consultations with our skilled forecasters. This allows you to receive greater clarification anytime, providing additional support for making critical decisions. Better understand external risk factors, such as leaf coverage and time of year.
  • 4. ©2014SchneiderElectric.Allrightsreserved. Schneider Electric USA, Inc. 9110 West Dodge Road Omaha, NE 68114 Phone: + 1-800-610-0777 Fax: + 402-255-8125 http://www.schneider-electric.com/us April 2014