A growing population, economic growth, and the impacts of climate change are increasingly stressing the electric grid in Texas. As the grid operator responsible for overseeing the reliable transmission of
In the dynamic and complex landscape of energy markets, particularly within the California Independent System Operator (CAISO), managing energy storage presents unique challenges and opportunities. As these markets evolve and
The energy market landscape is ever evolving, with new initiatives and regulatory changes shaping the way energy is traded and managed. One such significant development is the Day-Ahead Ancillary Services
In the past two years, PCI has significantly advanced its Energy Trading & Risk Management solution to more accurately reflect how our customers manage market and credit risks. These enhancements
Established in 1970, the Electric Reliability Council of Texas (ERCOT) has the same mission as every other Regional Transmission Organization (RTO) and Independent System Operator (ISO) in the U.S.: As an independent
In today’s volatile energy market, mastering energy risk management and value at risk modeling is not just a necessity — it’s a strategic imperative. Value at Risk (VaR) modeling has
As we look to decarbonize our grid, understanding what dispatchable generation and dispatchable power are becomes crucial. The energy industry is balancing the need for reliable, dispatchable power from traditional
The expansion of utility-scale battery storage in the U.S. is making headlines. Since 2021, battery storage U.S. capacity has seen a steady increase in its battery storage capacity, and if
The U.S. electric grid is incredibly complex. It consists of thousands of power plants, hundreds of thousands of miles of high-voltage power lines, and millions of low-voltage power lines and
You’ve no doubt heard the terms “back office front office middle office,” but do you know what each group does and how they work together in the energy industry? While
When it comes to managing the high voltage electricity transmission grid in the U.S., there are nine major players. Three are traditional wholesale markets — one each in the Southeast,
Natural gas scheduling is a complex process that ties together traders, pipelines, shippers, and more. Historically an incredibly manual workflow, new innovations are transforming the way scheduling teams operate. This
Load forecasting, or more generally energy forecasting, is a core function for utilities, ISOs, and RTOs responsible for ensuring sufficient generation capacity is available to serve load. Energy forecasting can
As renewable energy sources like solar and wind power become increasingly prevalent in power generation, net load forecasting becomes more challenging. Net load forecasting refers to predicting the electricity demand
The widespread adoption of renewable energy resources into the worldwide electric power grid has drastically increased the complexity and risks involved in the daily operations of market participants. In previous