Case Study: RiskAdvisory achieves 40x faster utility simulations with Palisade's @RISK Developer Kit

RiskAdvisory - Customer Case Study

RiskAdvisory, a Calgary-based consulting and software firm serving mid-size utilities, needed to model huge, complex uncertainties around energy production, timing, and pricing for its Energy Bookrunner application. To deliver up‑to‑the‑minute Monte Carlo risk analyses embedded in an Oracle‑based system, RiskAdvisory turned to Palisade’s @RISK Developer Kit (RDK) to supply a high‑performance simulation engine.

With Palisade’s RDK 4.0 and hands-on technical support, RiskAdvisory cut model run time from five days to under three hours—more than 40× faster—enabling processing of historical data for an 18‑generator plant with 10,000 iterations per month and the projection of tens of thousands of scenarios. The performance gains from Palisade’s solution delivered timely, actionable Earnings‑at‑Risk outputs for utility executives, materially improving decision speed and confidence.

RiskAdvisory

Mike Busby

Risk Management Specialist