Planning for Uncertainty: The Value of Stochastics

With the present uncertainty in future policy goals, technology advancements, decarbonization, electrification, and various other factors, planning practices need to evolve. Techniques exist to account for these uncertainties and should be used to develop robust and adaptable plans which are prepared to handle the unpredictability of the future grid.

Join this on-demand session with power systems experts from GE Energy Consulting, New York Independent System Operator (NYISO), and Pennsylvania State University – College of Earth and Mineral Sciences, as they share their experiences and insights around the future of the power sector, along with exploring the value of stochastic planning approaches.

• LEARN basic stochastic planning concepts and applications.
  
• DISCOVER how modeling for uncertainty can enable the grid of the future.
  
• UNCOVER the benefits and value of using stochastic techniques.
  
  

Meet the Speakers:

Wes Hall Senior Engagement Manager, GE MAPS & GE MARS GE Energy Consulting

Bob Woodfield Senior Engagement Manager, Energy Financial Analytics, Power Economics GE Energy Consulting

Mort Webster Professor of Energy Engineering Associate Department Head and Director of Graduate Studies John and Willie Leone Family Department of Energy and Mineral Engineering Pennsylvania State University

Jason Frasier Manager, Economic Planning New York Independent System Operator