Benchmarking performance is a strategy that all power generation companies must adopt to sustain or improve profits in a prudent and safe manner. In today’s environment, it has become critical not only to measure cost and reliability, but also to understand how they relate to current market conditions. One secret to success in today’s changing marketplace is to understand your position relative to your competitors and the industry leaders. Knowing the differences between your performance and the best performers helps you identify performance “gaps.” Solomon’s Comparative Performance Analysis (CPA) can show you how to make your plant more productive and profitable without sacrificing safety or social responsibility. By benchmarking plant and industry performance, we help you determine which gaps should be closed to achieve your goal of operational excellence.

For example, the Lost Revenue Opportunity (LRO) analysis portion of our CPA pinpoints areas of a plant that represent the greatest opportunity for increasing revenue. By linking equipment cost categories across the plant with events and market conditions, we can provide comparability measures. Our proprietary measure—Commercial Unavailability Index (CUI)—allows us to compare unavailability/unreliability performance relative to a unit's specific market conditions and variable cost.

To request additional information about these and other services from Solomon, please fill out the Contact Form