Power Generation: Strategic Resource Optimization
Electric power generators face unprecedented uncertainty in the form of looming regulatory requirements, uncertain demand, renewables mandates, new technologies and fuel price volatility. In the face of this uncertainty, utilities need to develop an optimal asset strategy plan for existing and new electricity sources.
Advanced Analytical Consulting Group’s Strategic Resource Optimization (SRO) framework provides a fully integrated modeling capability to evaluate least-cost capacity expansion, retirements and emission control strategies for meeting energy demand and meeting/exploiting current and emerging emissions limits/markets.
SRO: Examples of Questions Answered
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AACG’s SRO Model
Existing simulation approaches focus primarily on chronological dispatch decision-making based on hourly production costs and locational marginal prices. While these models fulfill their intended purpose, they have limited applicability toward higher-level strategic planning issues such as emissions compliance, future technology options, asset retirements and retrofits, and capital planning in an era of unprecedented risks.
The difference between 70 and 65 PPM New 8-Hour ozone limits for the next round of NAAQS amounts to $77 billion dollars in compliance costs.
SRO is a new AACG framework designed from the ground-up to analyze strategic planning issues while considering the future uncertainty affecting every aspect of the power generation business.
Model Capabilities
Our Approach
To learn more, contact our strategic resource optimization team using the links to the right, or email us at info@AACG.com.