The North American Electric Reliability Corporation (NERC) regulations introduced following the 2005 Energy Policy Act are designed to protect North Americans from unplanned power outages due to generation or transmission problems and also from deliberate attack on the physical infrastructure or automated controls systems used to manage the electricity supply.
Compliance with NERC standards is required by all industry players including ISOs (Independent System Operators), energy generators, transmission and distribution companies. Failure to comply or respond quickly and completely to regulatory audits can lead to heavy penalties and fines charged on a daily basis.
This makes efficient and effective NERC regulatory compliance one of the highest priorities for any industry participant. In addition, the regulatory framework, particularly that associated with Critical Infrastructure Protection (CIP), is revised continually leaving compliance teams with the challenge of staying current and demonstrating compliance with both current and past standards.
BPS Resolver’s NERC Compliance software solution provides a platform to manage all the key elements of NERC compliance. The NERC Compliance solution provides a global view of compliance, which is not possible when various departments or different compliance areas are managed in separate systems. It also reduces redundancy and duplication of effort and manual manipulation of data reducing administrative costs, but more importantly the capacity for self assessment and pre-emptive actions greatly reduces the chance of violations and audits.
The BPS Resolver solution tracks process ownership, assessment plans and remediation status with on-demand dashboards for each role, as well as ad hoc reporting, and ships with a guidance standardized framework as a starting point for your efforts. Defined standards, requirements for CIP and other compliance areas are documented through customizable templates and roles and responsibilities assigned. Incidents may be tracked and issues raised and reviewed to identify compliance violations and then action plans may be created for corrective action. All items that require input or review can be assigned to the persons responsible or placed in workflows to be handled by different individuals or departments.
Continuous updates to the NERC framework are documented and collated by our content partner, The Energy Group and automatically pushed out to NERC compliance software customers. All the information stored is reportable in highly customizable reports and dashboards, filterable by business unit, status, compliance area or any other characteristic. In addition document management capabilities, such as an ability to generate a full audit report and download all attached evidence, make retrieval of information necessary for audits less burdensome.
The BPS Resolver NERC Compliance solution is built on BPS Resolver’s GRC software platform and therefore enables integrated regulatory compliance with other industry regulators such as the Federal Energy Regulatory Commission’s (FERC) programs for Standards of Conduct and EH&S as well as enterprise risk management, internal audit, and perfomance measurement.
NERC Compliance Manager Demos
Want to Learn More?
- Read the NERC Compliance fact sheet
- Read the Issues and Actions Tracking fact sheet
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To request more information about BPS Resolver NERC Compliance Manager, contact us now. To speak with a BPS Resolver representative, please call us at 1-888-891-5500 or +1 416-622-2299.
