AACG Events

Developing an Optimal Asset Strategy for Existing and New Electricity Sources

Join us at Advanced Analytical Consulting Group, Inc. (AACG) on Thursday, January 19, 2012 at 2 pm EST as Peter Spinney, co-founder of NeuCo and AACG Senior Energy Economist, provides you with an overview of our new Strategic Resource Optimization (SRO) framework and how it can be used to navigate unprecedented uncertainty in the industry.

Utilities today face uncertainty in the form of looming regulatory requirements, uncertain demand, renewable mandates, new technologies and fuel price volatility. Existing optimization models have limited applicability toward high-level strategic planning issues, focusing primarily on chronological dispatch decision-making based on hourly production costs and locational marginal prices.

AACG's Strategic Resource Optimization (SRO) improves on existing models by providing a fully integrated modeling capability, designed to analyze strategic planning issues while considering the future uncertainty affecting every aspect of the power generation business. It evaluates least-cost capacity expansion, retirements and emission control strategies for meeting energy demand and meeting/exploiting current and emerging emissions limits/markets.

Speaker:

Peter Spinney is AACG's Senior Energy Economist who advises us on energy and economic issues and is also the Director of Market and Technology Assessment at NeuCo, Inc., the leading provider of optimization technology solutions within the electric power industry. His background combines electric power generation, economics consulting and government agency experience. Prior to becoming one of the original members of NeuCo, he was a Principal and Director of Power Resource Planning at CRA International (formerly Charles River Associates).

Peter's education includes a joint M.S. in Technology Assessment and Energy Economics from the University of Washington and a B.S. at University of Illinois. Additionally, he participated in MIT's Power Systems Engineering Program. Peter is also the voice of The Optimization Blog.com, sponsored by NeuCo, Inc.