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Predix Operations Performance Management

PSEG Improves Performance and Lowers Costs

PSEG Improves Performance and Lowers Costs
PSEG Improves Performance and Lowers Costs
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Costs

Reduced product costs and minimized fuel start costs

$ 2 million

Value in first year due to 1% improvement in first year

Introduction

Company

PSEG

Product Categories

Predix Operations Performance Management, Predix Asset Performance Management

PSEG is one of the 10 largest electric companies in the U.S. and New Jersey’s largest provider of electric and gas service—serving 2.2 million electric customers and 1.8 million gas customers. PSEG also owns and operates a diverse fleet of power plants with approximately 12,000 megawatts of generating capacity located primarily in the Mid-Atlantic and Northeast regions.

Challenges

Turning data into visibility, insights, and actions

 

Faced with the challenge of providing economic and reliable power as demand and fuel prices fluctuate, PSEG needed to maintain a profitable business with their existing power generation assets. At the same time, PSEG leadership recognized the value of leveraging data from their plants to make more informed decisions about operations and market opportunities.

Solutions

Generating competitive power

 

To achieve PSEG’s digital transformation, GE Digital’s team of experts focused on the Linden plant, installing Predix Operations Performance Management (Predix OPM) to capture data from machine sensors, applying sophisticated analytics and creating insights that drive more profitable decisions for PSEG. A Remote Monitoring & Diagnostics (RM&D) center was created to help drive PSEG’s key performance indicators for system availability, thermal performance, and operations flexibility.

Results

Increasing reliability and improving operations

 

PSEG improved performance with an integrated view that puts the plant manager and their trading counterpart on the same page. Automatic notifications alert the plant manager to any operational anomalies in order to prevent risky operations. Cloud-based visibility, insights and actions keep leadership focused on achieving their continuous improvement initiatives including identifying opportunities to improve thermal performance, increase operational flexibility and reliability.

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Predix Asset Performance Management

Optimizing the performance of assets to increase reliability and availability, minimize costs, and reduce operational risks.

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