PSR and FICO Platform Help Mexico’s CENACE Stop Floods and Boost Power Production

FICO (NYSE: FICO):

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$300 million in savings in 2022 and enhanced flood management in Tabasco
• 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 US$300 million in savings in 2022 alone.

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 Mexico's power system, adopted PSR’s computational tools to handle multiple sources of uncertainties — such as inflows, renewable energy production, energy demand, and fuel prices. By utilizing a probabilistic approach powered by FICO Platform, CENACE has optimized the management of hydroelectric reservoirs, balancing energy production with flood prevention efforts.