PSR and FICO Platform Help Mexico’s CENACE Stop Floods and Boost Power Production
PSR, a global provider of analytical solutions for the energy sector, has leveraged FICO® Platform Enterprise Optimization capabilities to enhance Mexico's power and water systems. Mexico's CENACE (National Center for Energy Control) has been using these advanced tools since 2021 to optimize energy production and improve water resource management. The implementation has resulted in:
- Mitigation of floods in Tabasco, benefiting 1 million residents
- US$300 million in savings for the Mexican government in 2022
- 4% decrease in natural gas imports for electricity generation in 2022
PSR's approach, powered by FICO Platform, uses probabilistic and statistical methodologies to handle uncertainties in inflows, renewable energy production, energy demand, and fuel prices. This has led to more accurate operational and risk assessment analyses, improving energy and water security.
PSR, un fornitore globale di soluzioni analitiche per il settore energetico, ha sfruttato le capacità della FICO® Platform Enterprise Optimization per migliorare i sistemi energetici e idrici del Messico. Il CENACE (Centro Nazionale di Controllo dell'Energia) del Messico utilizza questi strumenti avanzati dal 2021 per ottimizzare la produzione energetica e migliorare la gestione delle risorse idriche. L'implementazione ha portato a:
- Mitigazione delle inondazioni in Tabasco, a beneficio di 1 milione di residenti
- 300 milioni di dollari USA in risparmi per il governo messicano nel 2022
- Riduzione del 4% delle importazioni di gas naturale per la generazione di elettricità nel 2022
L'approccio di PSR, supportato dalla FICO Platform, utilizza metodologie probabilistiche e statistiche per gestire le incertezze nei flussi, nella produzione di energia rinnovabile, nella domanda energetica e nei prezzi dei combustibili. Questo ha portato a analisi più accurate delle operazioni e dei rischi, migliorando la sicurezza energetica e idrica.
PSR, un proveedor global de soluciones analíticas para el sector energético, ha aprovechado las capacidades de la FICO® Platform Enterprise Optimization para mejorar los sistemas de energía y agua de México. El CENACE (Centro Nacional de Control de Energía) de México ha estado utilizando estas herramientas avanzadas desde 2021 para optimizar la producción de energía y mejorar la gestión de los recursos hídricos. La implementación ha resultado en:
- Mitigación de inundaciones en Tabasco, beneficiando a 1 millón de residentes
- Ahorros de 300 millones de dólares estadounidenses para el gobierno mexicano en 2022
- Disminución del 4% en las importaciones de gas natural para la generación de electricidad en 2022
El enfoque de PSR, impulsado por la FICO Platform, utiliza metodologías probabilísticas y estadísticas para manejar incertidumbres en los flujos, la producción de energía renovable, la demanda de energía y los precios de los combustibles. Esto ha llevado a análisis más precisos de operaciones y evaluación de riesgos, mejorando la seguridad energética y de agua.
PSR은 에너지 분야를 위한 분석 솔루션의 글로벌 제공업체로서, FICO® Platform Enterprise Optimization의 기능을 활용하여 멕시코의 전력 및 수자원 시스템을 개선했습니다. 멕시코의 CENACE(국가 에너지 통제 센터)는 2021년부터 이러한 고급 도구를 사용하여 에너지 생산을 최적화하고 수자원 관리를 개선하고 있습니다. 이 구현 결과:
- 타바스코에서의 홍수 완화, 100만 주민에게 혜택 제공
- 2022년 멕시코 정부를 위한 3억 달러의 비용 절감
- 2022년 전기 생산을 위한 천연 가스 수입 4% 감소
PSR의 접근 방식은 FICO Platform에 의해 지원되며, 유입, 재생 가능 에너지 생산, 에너지 수요 및 연료 가격의 불확실성을 처리하기 위해 확률적 및 통계적 방법론을 사용합니다. 이는 에너지 및 수자원 안전성을 개선하기 위해 보다 정확한 운영 및 위험 평가 분석으로 이어졌습니다.
PSR, un fournisseur mondial de solutions analytiques pour le secteur de l'énergie, a tiré parti des capacités de la FICO® Platform Enterprise Optimization pour améliorer les systèmes d'énergie et d'eau du Mexique. Le CENACE (Centre National de Contrôle de l'Énergie) du Mexique utilise ces outils avancés depuis 2021 pour optimiser la production d'énergie et améliorer la gestion des ressources en eau. La mise en œuvre a abouti à :
- Atténuation des inondations au Tabasco, bénéficiant à 1 million de résidents
- 300 millions de dollars américains d'économies pour le gouvernement mexicain en 2022
- Diminution de 4% des importations de gaz naturel pour la production d'électricité en 2022
L'approche de PSR, soutenue par la FICO Platform, utilise des méthodologies probabilistes et statistiques pour gérer les incertitudes relatives aux flux, à la production d'énergie renouvelable, à la demande énergétique et aux prix des combustibles. Cela a conduit à des analyses d'opération et d'évaluation des risques plus précises, améliorant la sécurité énergétique et la sécurité de l'eau.
PSR, ein globaler Anbieter analytischer Lösungen für den Energiesektor, hat die Möglichkeiten der FICO® Platform Enterprise Optimization genutzt, um die Energie- und Wassersysteme Mexikos zu verbessern. Das CENACE (National Center for Energy Control) von Mexiko verwendet seit 2021 diese fortschrittlichen Werkzeuge, um die Energieproduktion zu optimieren und das Wassermanagement zu verbessern. Die Implementierung hat folgende Ergebnisse gebracht:
- Abmilderung von Überschwemmungen in Tabasco, die 1 Million Bewohner begünstigt
- 300 Millionen US-Dollar Einsparungen für die mexikanische Regierung im Jahr 2022
- 4% Rückgang der Erdgasimporte zur Stromerzeugung im Jahr 2022
Der Ansatz von PSR, unterstützt von der FICO Platform, nutzt probabilistische und statistische Methoden, um Unsicherheiten bei Zuflüssen, Erzeugung erneuerbarer Energien, Energienachfrage und Brennstoffpreisen zu bewältigen. Dies hat zu genaueren betrieblichen und Risikobewertungsanalysen geführt und die Energie- und Wassersicherheit verbessert.
- Implementation resulted in US$300 million savings for the Mexican government in 2022
- Successful flood mitigation in Tabasco, benefiting 1 million residents
- 4% decrease in natural gas imports for electricity generation in 2022
- Improved energy production and water resource management
- More accurate operational and risk assessment analyses
- None.
Insights
The implementation of PSR's optimization tools using FICO Platform has yielded significant financial benefits for Mexico's energy sector. The US$300 million in savings for the Mexican government in 2022 alone is a substantial return on investment. This cost reduction could potentially lead to improved financial stability for CENACE and possibly lower energy costs for consumers. The
From an investor's perspective, this successful implementation showcases FICO's capability to deliver high-value solutions in the energy sector, potentially opening up new market opportunities and revenue streams. The award-winning status of this project may enhance FICO's reputation and market position, potentially driving future growth in enterprise optimization solutions.
The optimization of hydroelectric reservoirs has led to significant environmental benefits, particularly in flood mitigation. The stable flow of the Usumacinta and Grijalva rivers within natural parameters is a important achievement, reducing flood risks in the Tabasco region. This not only protects the environment but also safeguards the livelihoods of approximately 1 million residents.
The reduction in natural gas imports for electricity generation by
The implementation of FICO Platform's Enterprise Optimization capabilities represents a significant technological advancement in energy and water management. The shift from deterministic to probabilistic optimization marks a leap in decision-making sophistication, enabling CENACE to handle complex, multi-variable scenarios with greater accuracy. This includes managing uncertainties in inflows, renewable energy production, energy demand and fuel prices across a long-term horizon.
The ability to model individual energy generators within this complex system demonstrates the platform's robust computational power. For FICO, this successful application in a critical infrastructure sector showcases the versatility and scalability of their technology. It positions FICO as a key player in the growing market for AI-driven optimization solutions, potentially opening doors to similar high-stakes, high-reward projects in other sectors or countries. This could drive future R&D investments and product enhancements, further solidifying FICO's market position in advanced analytics and decision management technologies.
Innovative optimization capabilities help Mexico’s National Center for Energy Control improve efficiency and mitigate flood risks
Highlights:
- PSR uses FICO® Platform Enterprise Optimization capabilities to help improve energy production and water resource management
- CENACE, Mexico’s National Center for Energy Control, adopts PSR’s tools to optimize the country’s power system operations
-
Implementation results in over
US in savings in 2022 and enhanced flood management in Tabasco$300 million - PSR won the 2024 FICO® Decision Award for ESG Champion
PSR, a global provider of analytical solutions for the energy sector, has significantly enhanced the operation of Mexico’s power and water systems by leveraging FICO® Platform Enterprise Optimization capabilities. Mexico’s Centro Nacional de Control de Energía (CENACE), responsible for coordinating and operating the national power system, has used these advanced tools since 2021 to optimize energy production and improve water resource management, leading to substantial economic and environmental benefits.
The successful implementation has not only mitigated floods in places like Tabasco, benefiting the 1 million residents of the region, but also saved the Mexican government a remarkable
More information: https://www.fico.com/en/platform/enterprise-optimization
Watch PSR tell their story on video
“Optimizing the storage levels in hydroelectric plant reservoirs in uncertain conditions is crucial for balancing water use between energy production and consumption needs, while adhering to environmental constraints and preventing floods,” said Raphael Chabar, executive director of optimization and analytics at PSR. “The contribution of FICO Platform is essential, as it serves as the central resolution engine that streamlines decision-making and ensures optimal results swiftly.”
Transforming Energy and Water Management with Advanced Optimization
CENACE, the official entity tasked with the operation of
Before adopting FICO Platform, CENACE's planning relied on deterministic optimization, which posed significant risks when future events deviated from predictions. This conservative approach often led to excessive water accumulation, exacerbating flood impacts during heavy rains. The shift to an optimization approach based on probabilistic and statistical methodologies marked a significant improvement in decision-making and risk management, resulting in a more robust national infrastructure.
“Modeling the planning process requires considering a long horizon of uncertainty scenarios, with multiple stages spanning years, in monthly or weekly resolutions, and each energy generator having an individualized representation, which is tremendously complex,” said Chabar.
A Solution Where Everything Flows as it Should
Thanks to PSR’s cutting-edge optimization approach enabled by FICO Platform, CENACE has achieved more accurate operational and risk assessment analyses, significantly improving energy and water security. In the Tabasco region, proper management of water reservoirs is crucial for flood mitigation, directly benefiting around 1 million residents. Additionally,
“The success of this project is evident in the stable flow of the Usumacinta and Grijalva rivers, which now operate within their natural parameters," said Mario Veiga Pereira, founder of PSR. “By avoiding excessive water accumulation, we have mitigated flood risks and ensured a more reliable energy supply. This balance not only safeguards the environment but also enhances the quality of life for the people in Tabasco, something we are really proud of.”
“PSR’s innovative application of FICO Platform has set a new benchmark in energy and water resource management,” said Nikhil Behl, EVP of software at FICO. “Their ability to optimize complex systems to plan for uncertainty not only saves costs but also ensures environmental safety, showcasing the power of advanced analytics in achieving sustainable outcomes.”
For its achievements, PSR won the 2024 FICO® Decision Award for ESG Champion.
“What can be more important that managing water, the lifeblood of the planet?” said Eric Kavanagh, CEO of Bloor Group, host of InsideAnalysis, and one of the FICO Decision Awards judges. “This initiative demonstrates how companies can solve incredibly complex problems using advanced tools to deliver outcomes that impact the lives of millions of people.”
To see the full list of 2024 FICO Decisions Awards winners, check out: https://www.fico.com/en/decisionsawards.
About PSR
PSR is a global provider of analytical solutions for the energy sector, offering innovative consultancy services and specialized power systems planning software. With products applied in over 70 countries, PSR contributes to the research and development of tools that ensure reliable, cost-effective power system operations and support decarbonization efforts.
About the FICO® Decisions Awards
The FICO Decisions Awards recognize organisations that are achieving remarkable success using FICO solutions. A panel of independent judges with deep industry expertise evaluates nominations based upon measurable improvement in key metrics; demonstrated use of best practices; project scale, depth and breadth; and innovative uses of technology. The 2024 judges are:
- Andrew Birmingham, editor, Mi3
- Eric Kavanagh, CEO Bloor Group and host, InsideAnalysis
- Elizabeth Lumley, deputy editor, The Banker
- Paul Mah, senior editor, CDO Trends
- Laura Martins, editor, IT Forum
- Paul Robinson, VP credit management at Canadian Tire Bank (previous winner)
- Shiv Sehgal, EVP audience analytics at RSG Media (previous winner)
- Nick Vitchev, director at Chartis
About FICO
FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 200 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, insurance, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 100 countries do everything from protecting 4 billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO® Score, used by
Learn more at www.fico.com.
FICO is a registered trademark of Fair Isaac Corporation in the US and other countries.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240814550116/en/
Cibely Toller
In Press Porter Novelli for FICO
+55 11 3323 1596
+55 11 99858 8500
cibely.toller@inpresspni.com.br
Thais Sabatini
FICO
thaissabatini@fico.com
Source: FICO
FAQ
How has PSR's implementation of FICO Platform helped Mexico's CENACE?
What are the key benefits of using FICO Platform for Mexico's power system?
How does PSR's solution handle uncertainties in Mexico's power system?
What award did PSR win for its work with FICO Platform and CENACE?
