Meeting Societal Goals Through an Open Energy Market
Description
In the wholesale energy market prices can fluctuate dramatically from an average of $50 per MWh up to $2000 or down to -$200. We will talk about what drives this volatility and how market rules can encourage participants to behave in ways that align with societal goals. Additionally, we will explore how renewables and extreme weather events have affected the market.
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Speaker Name
Speaker Bio
Eina Ooka is a Principal Data Scientist with The Energy Authority. For over a decade she has led quantitative modeling efforts into successful operational models. Utilizing statistical and machine learning methodologies she has developed multivariate stochastic models for wholesale power markets, hedging strategy algorithms for portfolios, load and variable generation forecasts, and long-term fundamental cost-production models. She currently leads the development of a scalable storage optimization solution using mixed-integer programming.