As the electric grid transitions from depending primarily on fossil fuel to a resource base that is predominantly made up of renewable sources, the matter of balancing supply and demand gets more challenging. The challenge results from the intermittent nature of renewable resources which increases grid stochasticity and makes forecasting grid conditions much more uncertain. In its 2024 System […]
The Importance of Understanding Stochasticity in the Electric Grid
Loudon Energy Analytics is hoping to be a catalyst for introducing comprehensive stochastic modeling for grid operators, planners and traders. We are commercializing the ORFEUS Software platform developed by researchers at Princeton University’s Operations Research and Financial Engineering (ORFE) Department which received over $4 million in funding as part of DOE ARPA-E’s Perform initiative.
Podcast Ep. 27: Master Class in Electricity Markets with Rana Mukerji
NYISO speaks with Rana Mukerji, NYISO’s SVP of Market Structures, to learn about his journey from growing up in Calcutta, India to becoming widely regarded as one of the ÂÂindustry’s leading designers of electricity markets.