CRA led an innovative generation flexibility study for a major utility in MISO South. CRA developed a stochastic model for real time wind, solar, and load variability to assess generation flexibility need and then performed sub-hourly production cost modeling to assess adequacy of flexible generation to meet energy imbalances resulting from day ahead – real time net load forecast error.
WSJ: Electricity costs expected to keep rising—Jim McMahon weighs in
In a recent The Wall Street Journal publication Jim McMahon, head of the Energy Practice at Charles River Associates, noted: “We’re in a period of general...