Ignitis Gamyba Chooses GE Digital’s OPM Production Planning Software to Accurately Forecast Day-Ahead Electricity Trading
August 09 2022 - 10:00AM
Business Wire
• OPM Production Planning can help to ensure secure, stable
power while maximizing margins and managing risk with accurate
capacity predictions and decision support
• Software also helps Ignitis Gamyba to automate data
transmission for more optimal planning of natural gas procurement
and process organization
GE Digital today announced that Ignitis Gamyba, the largest
power producer in Lithuania, has chosen to implement OPM Production
Planning an Operations Performance Management solution. GE
Digital’s OPM Production Planning solution minimizes uncertainty to
ensure reliability of power generation to meet demand, lower the
generation costs and improve profitability. The software is
designed to provide accurate forecasting of maximum unit power,
fuel nomination, and the automation of data transmission for
day-ahead operation planning and electricity trading.
Offering real-time insights into plant or fleet power generation
potential, OPM Production Planning helps traders, dispatch
planners, asset and plant managers understand the day-ahead and
intraday plant capacity, and how to make the most profitable use of
that capacity through commitment preparation, fuel nomination and
dispatch planning. Better economic-based decisions can be made
regarding plant offers and dispatch with solution-supported
operational insights into factors such as the available capacity –
its value and cost – in conjunction with a range of plant specific
constraints, such as marketplace conditions, emissions limits, fuel
penalties, start-up and turndown durations and cost.
Ignitis Gamyba’s objectives for forecasting include reducing the
probability of imbalance, maximizing the efficiency of the unit,
and expanding electricity sales, all with the mission to ensure
secure and stable power in the region. The company is also looking
to reduce potential losses due to imbalances, with no corrective
action required to adjust the amount of power and the power
schedule. By implementing OPM Production Planning, automating data
transmission will reduce the potential for human error and data
exchange errors between operational staff and trade staff. It will
also provide more optimal planning of natural gas procurement and
organization of the day-ahead process.
“OPM Production Planning contributes to the possibility of
making the most efficient use of the production capacity of the
combined cycle unit for commercial electricity generation,” said
Rimgaudas Kalvaitis, CEO of Ignitis Gamyba. “The software is a
functional product that allows us to ensure optimal forecasting of
unit power and the exchange of information between responsible
employees. This creates benefits for the company, shareholders, and
the country of Lithuania as a whole.”
OPM Production Planning empowers employees to optimize under
uncertainty, to reduce generation costs and increase profitable
generation. It operationalizes predictive and prescriptive
analytics to reduce future uncertainty and remove inefficiencies
held between the asset/system capabilities and the
commercial/operating teams.
“Software drives performance with analytics and automation to
allow energy companies analyze and proactively balance critical
variables like weather, supply/demand patterns, and asset health
and efficiency to make better business decisions,” said Linda Rae,
General Manager of GE Digital’s Power Generation and Oil & Gas
business. “We’re proud to work with Ignitis Gamyba as they pursue
their long- term vision and ensure continuity and sustainable
operations.”
Click on these links for more information about GE Digital’s
Operations Performance Management software and other solutions for
the Power Generation industry.
About GE Digital GE Digital, an integral part of GE
Vernova, is a $1 billion software business putting data to work to
accelerate a new era of energy. GE Digital has pioneered
technologies like Industrial AI and Digital Twins to serve
industries that matter for decarbonization like energy,
manufacturing, aviation. Our software drives insights customers
need to transform how they create, orchestrate, and consume energy.
Over 20,000 customers world-wide use our software to fuel
productivity and reliable operations while reducing costs and
carbon for a more sustainable world. For more information, visit
www.ge.com/digital. GE Vernova, a dynamic accelerator comprised of
our Power, Renewable Energy, Digital and Energy Financial Services
businesses, focused on supporting customers’ transformations during
the global energy transition.
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Rachael Van Reen GE Digital rachael.vanreen@ge.com
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