Energy Central: Analytics and the Future of Demand Management: Realizing Grid Potential
A new white paper quotes Modern Energy’s Betty Watson. Read excerpts below and the EC piece here [LINK].
Across the industry, companies are realizing the importance of shifting to real-time data in grid operations. Betty Watson, Senior Director of Policy and Market Design at Modern Energy, a holding company focused on clean energy, agrees with the shift away from models, arguing that the energy sector must, “stop using models as much and use real-time data more.” She doesn’t discount the merit of models thus far but reminds people that the very concept of models is to approximate, and “all models are wrong, but some are useful” . As even our most accurate model is still an approximation, we need to ensure we are basing that approximation on the most robust data available – data that considers all categories that influence hour-by-hour and day-by-day usage. This often includes load, weather, economic scenarios, growth, time of week (weekend versus weekday), and time of year (season, holiday, big events) .Source: Energy Central: Analytics and the Future of Demand Management: Realizing Grid Potential, Rachel Slover, December 2, 2020.