SENTINEL CMS - BESPOKE CONTRACT MANAGEMENT
A Power Purchase Agreement, or PPA, is a complex contract that sets out the commercial and technical terms against which you operate your electricity generating assets and defines the financial return you can expect to get from them. Operating under the terms of a PPA demands close attention to detail to ensure that you can optimise financial returns. Given the complexity that defines such contracts, it is vital that you are able to capture, interpret and convert the documented terms into processes that can be operated by non-specialists in your control room.
Sentinel CMS can be configured for many roles: as an operational tool it guides control room staff to operate the plant within the terms of your contract; for management it provides up to date information about the performance of your generating assets against key performance indicators, creating the visibility you need to take effective action and optimise performance; and for your back office team it provides clear and auditable settlement data to power accurate, unchallengable invoicing.
- A framework for decision making and performance management
- Automation of key processes including technical availability forecasting, dispatch planning, fuel usage forecasting and invoice settlement
- An operational toolkit that doesn’t require expert knowledge
- Production of auditable, unchallengeable invoicing data
- Clearly defined roles, responsibilities and authority levels
- Full audit and security suite.
How it Works
Build and Execute Accurate Contract Models
At the core of Sentinel CMS is a powerful editor that utilises commercial and technical logic and mathematics to define data manipulation according to specific conditions. Carrying out complex calculations aligned to schedules and triggers, the Sentinel calculation engine produces time sensitive results to inform decisions associated with key business processes.
Integrate with Ease
Like all Quorum products, Sentinel CMS can be integrated with a range of plant data systems via industry standard OPC interfaces to acquire plant operational data. Other interfaces can be implemented using the Sentinel communications module to reliably and securely manage the export of calculated data to other Sentinel modules and the import of data for use in the PPA model from external sources in various formats including XML and CSV.
Manage Events and Contract Parameters
Known events, like planned outages, can be programmed and revised as plans change, creating a dynamic view of your capacity, enabling you to assess and manage the impact of changes as they occur. Values that influence contract performance such as financial indices can be managed centrally to ensure the consistency and validity of the model.
Sometimes events don’t follow a plan. Sentinel Alerts highlights exceptional events and conditions, routing information to those best placed to respond. Delivery via the Sentinel desktop, email and SMS ensures that nothing is missed and issues are addressed promptly and effectively.
Sentinel CMS includes a Position Monitoring module. By configuring a personalised view of any Sentinel data set, each operator can focus on the things that are important to them, optimising their ability to manage events, like manual dispatch, in real time.
The tools delivered by Sentinel CMS put you in control. Working from an informed position, you can operate with greater flexibility, benefiting from contract terms that reward responsiveness.
Reporting is fully configurable. We will deliver a suite of reporting templates designed to meet your specific requirements. These can be run on a scheduled basis or in response to triggers built into the model. Either way, Sentinel CMS delivers the information you need to stay in control.
Reviewing, revising and agreeing settlement data with your contract counter-parties becomes easier when you have a robust system to support your decisions and claims. Once agreed, summary settlement data can be exported direct to your accounting system reducing administration and improving accuracy.
Each user of Sentinel CMS has a unique profile that governs the things they can see and do within the system. For added security every action taken and submission made is logged, attributed and time stamped. Full audibility is delivered via specific modules that enable you to review the detail behind the decisions and actions taken.
Expert System, Profitable Operation
"Quorum has given us a system that has cut down substantially the length of time taken to perform the dispatch process. Sentinel CMS has allowed the Commercial and Engineering teams at Barking Power Station to combine and configure their knowledge in an "expert system", used every day to operate the plant safely and profitably within its technical and commercial constraints".