With the deregulation of the energy market energy companies get increasingly under cost pressure. They have to increase their productivity. IT solutions from Siemens Utilities IT are not limited to a single task in energy companies, but support complete business processes. This requires the integration of IT-systems which are mostly operated as island solution nowadays. The deregulation and liberalization of the energy market demands an unbundling of energy companies in generation, transmission, distribution, energy supplier and energy trader.
Competition only takes place in the segments generation, energy supply and energy trading.
These changes surely influence the IT systems. To become faster, flexible and more effective utilities have to reengineer and improve their business processes. It is essential to establish an IT environment that is powerful, comprehensive, and integrated to fulfil new requirements. Support of the business processes by integrated IT solutions is a key to improve the position in competition. Siemens Utilities IT as a coordination project of Siemens EV and Siemens Business Services is the extensive answer of a leading supplier for the new situation in the power industry.