wholesale power
-
PowerAI-Powered Energy Forecasting: How Accurate Predictions Could Save Your Power Company
Net-demand energy forecasts are critical for competitive market participants, such as in the Electric Reliability Council of Texas (ERCOT) and similar markets, for several key reasons. For example, accurate forecasting helps predict when supply-demand imbalances will create price spikes or crashes, allowing traders and generators to optimize their bidding strategies. It’s also important for asset […]
-
TrendsERCOT, MISO Warn of Potential Power Supply Shortfalls
(Updated—May 6, 2022) The Electric Reliability Council of Texas (ERCOT) and the Midcontinent Independent System Operator (MISO) over the past week separately expressed concerns about power supply uncertainties in the face of upcoming warmer-than-normal temperatures. MISO raised an alarm on April 28 when it said that it projects “insufficient firm resources” to cover the summer […]
-
BusinessThe Evolution of Power Business Models
Traditional models have been upended by recent disruptions, including decarbonization, decentralization, and even the COVID pandemic, but new ones are replacing them that focus on customer preference