While utilities grapple with how to manage the high volume and velocity of changes they face, their fundamental mission to deliver safe, affordable and reliable electricity remains the same. With aging equipment and many power plants operating in ways they weren’t originally designed, containing O&M costs has become as challenging as it is important. In fact, a recent analysis of 20 years of utility data found that the median cost to maintain and operate power plants rose 74% between 1998 and 2018. The best strategy for maintaining utility profitability is reducing O&M costs, but can it be done without disruption?
In this playbook, we explore how tapping the power of APM software can optimize O&M processes and lead to substantial savings and improvements. Inside the playbook, learn:
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