Deloitte Consulting and Npower to Boost Power Generators' Profits in Newly Deregulated Markets.Business Editors NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and SWINDON, UK--(BUSINESS WIRE)--May 17, 2000 Electricity Generation Industry to Profit from Strategic Alliance's End-to-End Solution (jargon) end-to-end solution - (E2ES) A term that suggests that the supplier of an application program or system will provide all the hardware and/or software components and resouces to meet the customer's requirement and no other supplier need be involved. Compare: turn-key solution. Deloitte Consulting, one of the world's leading e-Business consulting firms Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a , and Npower, the integrated UK energy business of National Power PLC, today announced a strategic alliance that seeks to increase power generators' profits by reducing costs and improving products/services marketing in deregulation-driven competitive markets. Targeting power generators around the globe, the firms will provide a complete solution -- from strategy to software -- to help companies secure a strategic advantage in the competitive power generation market. The alliance will combine the strengths of the two firms. Npower brings ten years of experience operating in competitive electricity markets in the UK, which has allowed them to build and refine software solutions that improve power plant and energy trading commercial performance. Deloitte Consulting will provide the strategy, process, change management and system integration expertise. "Deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. has forced electricity producers to adopt new ways of going to market. Competition is driving change," said Ron Bloomfield, principal with Deloitte Consulting. "Our experience and proven NextGeneration(SM)(a) solution set will transform our clients' traditionally engineering-focused businesses into world-class commercial businesses, driven by profitability and shareholder value." "Npower has a strong track record overcoming the challenges of deregulation in the UK," said Dr. Brian Count, chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , Npower. "In working with Deloitte Consulting, we can share our expertise and technical support needed to transform a regulated, utility-based business to a competitive, market-led business with leading power generators." The alliance's proven process, technology and personnel methodologies will transform the power generation business -- from procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. and fuel supply, through the conversion and production stages, to sale of products and dispatch of assets in the physical market, including energy trading and risk management. "Competition requires rethinking how power generators create value for their customers, employees, and shareholders. In response, power generators are increasing their focus on real-time operations Noun 1. real-time operation - data processing fast enough to keep up with an outside process real-time processing data processing - (computer science) a series of operations on data by a computer in order to retrieve or transform or classify information and increasingly incorporating sophisticated energy trading and risk management capabilities. While several companies have implemented 'point solutions' to acquire these new capabilities, to succeed, these companies must integrate information flow, processes, and performance measurement across the entire generation value chain," said Bloomfield. "Our end-to-end solution will help power generators reduce overall costs and improve portfolio profitability while reducing risk. In the end, our clients may not only see bottom-line results, but also clear-cut market advantages over their competitors." About Npower Npower, an integrated UK energy business, is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of National Power PLC. On 17 November 1999 National Power PLC announced proposals to restructure the company into two separate corporate entities, Npower and an international power business. It is proposed to implement a demerger demerger n (Comm) → Abspaltung f, Demerger m to create two substantial independent companies during the course of the 2000/01 financial year. About Deloitte Consulting Deloitte Consulting is one of the world's leading e-Business consulting firms, providing services to transform your entire enterprise -- your strategy, processes, information technology, and people. With recognized industry expertise, Deloitte Consulting helps clients to create, defend and/or reinvent re·in·vent tr.v. re·in·vent·ed, re·in·vent·ing, re·in·vents 1. To make over completely: "She reinvented Indian cooking to fit a Western kitchen and a Western larder" their business and economic models by guiding them through the crushing complexity of the digital economy. Deloitte Consulting is a part of Deloitte Touche Tohmatsu Deloitte & Touche (also referred to as Deloitte Touche Tohmatsu, and branded as Deloitte.) is the second largest professional services firm in the world, and one of the Big Four auditors, along with PricewaterhouseCoopers, Ernst & Young and KPMG. , one of the world's leading professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. firms, delivering world-class assurance and advisory, tax, and consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" . More than 90,000 people in over 130 countries serve nearly one-fifth of the world's largest companies as well as large national enterprises, public institutions, and successful fast-growing companies. Our internationally experienced professionals deliver seamless, consistent services wherever our clients operate. Our mission is to help our clients and our people excel. Deloitte Consulting can be reached on the Web at www.dc.com. Deloitte Consulting. A very different approach. For very different results. (a) Deloitte Consulting's NextGeneration(SM) market offering contains strategies, methodologies, best practices, and case studies specifically for competitive generation companies (GenCos), including traditional utilities to start-ups. NextGeneration(SM) focuses on optimizing the entire GenCo value chain including fuel procurement, power plant O&M improvement, portfolio operations, and power marketing and trading. |
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