PowerProjector(TM) tool enables financial executives to budget more accurately for energy costs and gauge their effects on the bottom line BOULDER, Colo., June 16
BOULDER, Colo., June 16 /PRNewswire/ -- EnergyWindow, Inc.
(http://www.energywindow.com), a supplier of information technology-based
tools and strategic consulting services to handle the procurement and
management of energy supply used by businesses, today introduced its new
PowerProjector(TM) cost projection and value-at-risk analysis tool designed to
help financial executives more accurately project their regulated and
deregulated energy supply costs (natural gas and electricity needed to power
their businesses).
The PowerProjector application is available immediately. The cost of this
application ranges from $5,000-$25,000 for the initial license, depending on
the size of the analysis needed, and between $2,000-$8,000 for annual
maintenance.
"One of the main reasons we developed this new energy cost and
value-at-risk analysis tool is because so many financial executives have
expressed frustration with their inability to accurately budget for future
energy costs," explained Dr. Jack Mason, president and founder of
EnergyWindow, Inc. "This inability to produce accurate, defensible energy
cost projections can wreak havoc on a company's budget and can literally mean
the difference between profitability and a loss. Every business wrestles with
this problem, but it's particularly acute for industries operating on tight
margins," he said.
The PowerProjector tool enables financial executives to produce detailed,
market-by-market analyses, and simulate (using the Monte Carlo method) future
total energy costs and value-at-risk at various levels of confidence,
according to Dr. Mason.
The flexible, user-friendly interface enables PowerProjector application
users to build customized models from EnergyWindow's built-in energy pricing
databases, as well as to extract additional selected data from their own
business intelligence, and set their own assumptions, scenarios, and
confidence levels. The tool then processes hundreds or thousands of "runs" to
arrive at a set of statistically sound financial projections based on
well-informed, detailed judgments and a rigorous accepted projection
methodology.
"For any executive, financial or otherwise, who is in charge of
determining energy costs for the following year or period of years, the
PowerProjector tool will be invaluable," said Dr. Mason. "Until now, there
really hasn't been any reliable or easy way to project costs in both regulated
and deregulated markets with this level of detail and degree of confidence.
This application takes some very sophisticated modeling and makes it both
accessible and easy to manipulate for virtually any user with financial,
supply chain, or energy and facility management responsibilities."
In addition, because the Power Projector application is so flexible, it
allows users to simulate a variety of energy prices, add in market,
environmental, and geopolitical conditions, and assess their combined
potential impact on a company's bottom line. Due to the speed and power of
the software, it can transform a manual process that would take weeks and/or
months to perform into a simple exercise that can be completed in less than an
hour, according to Dr. Mason.
The PowerProjector tool can be implemented directly by the customer, or
with guidance from EnergyWindow. The tool uses simple browser and spreadsheet
technology. Detailed statistical characterizations of regulated and
deregulated markets, along with supporting research are accessible on line via
standard browsers. The simulations are run in a standard Excel(R) spreadsheet
using the @Risk(R) add-on statistical modeling tool from Palisade Corporation,
a license for which is included.
About EnergyWindow
EnergyWindow is a Boulder, Colo.-based company that offers a comprehensive
suite of information technology-based tools and strategic energy consulting to
help businesses manage every aspect of their energy supply cycle (natural gas
and electricity). EnergyWindow offers five key areas of products and services:
1) PowerQuote(R) -- An online sourcing tool for energy procurement; 2)
PowerScape(R) -- A real-time, online energy market knowledgebase; 3)
PowerTrac(R) -- an energy management information system that tracks and
analyzes a company's energy contracts; 4) PowerStrategy(R) -- a proprietary,
consulting-based planning process for energy supply strategy and management;
and 5) PowerProjector(TM) -- an energy cost projection and value-at-risk
analysis tool. The company was founded in 1999 by Dr. Jack Mason, a long-time
energy industry veteran. To date, EnergyWindow has successfully closed more
than 10,000 transactions for energy purchases, resulting in savings of more
than $138 million on $816 million in energy supply costs. The company can be
reached at: http://www.energywindow.com, or (303) 444-2366.
EnergyWindow, PowerQuote, PowerScape, PowerTrac, and PowerStrategy are
registered trademarks of EnergyWindow, Inc. PowerProjector(TM) is a trademark
of EnergyWindow, Inc.
SOURCE EnergyWindow, Inc.
