Power Sector Modelling
Easter Bay's economists are internationally-recognised power sector model development and implementation experts. We combine leaders in the fields of power system planning and renewable integration with leading developers of power sector simulation modelling tools. We have a long history of delivering effective modelling solutions to the power sector in a number of countries.
Illustrative examples:
- For the Mexican government we established the optimal horizontal ownership separation of state-owned generating plants into multiple generation companies, so as to achieve optimal market power and economy of scale outcomes as a precursor to privatization. This was achieved with the development of a large-scale portfolio optimisation model and using US antitrust standards for market definition and market concentration.
- For the government of Singapore we evaluated the economic feasibility of introducing new generation technologies to the country’s generation mix. This assignment involved developing a detailed model of the national electricity sector. The model was used for a comprehensive quantitative analysis of the role of specific new technologies in the optimal long-term generation investment and production schedule of the country. Their roles were evaluated by comparing optimal investment schedules calculated with them included as investment options, to optimal investment schedules calculated where they were not an option. The analysis set out: if and when these technologies can play a role; under what circumstances they can play a role, and which specific options are best suited to play that role.
- In Illinois in the US we provided quantitative market analysis for a merchant transmission developer in their application to the Illinois Commerce Commission for a Certificate of Public Convenience to build a second 4,000 MW transmission line for proposed wind farms to load centres in the state.