cquant-model-risk-management

Nine Questions with Ivo Steijn, Head of Model Risk Management at Silicon Valley Bank

This past week, I had the opportunity to sit down with Dr. Ivo Steijn. I have known Dr. Steijn for several years and always found his perspectives to be invaluable. In the following interview, he provides sage advice on energy analytics, model validation and how to see major market changes coming. Dr. Steijn, you have had an impressive career in quantitative analysis & risk management …

cquant-energy-solutions-analytics

Renewables Have Killed Baseload…Now What?

***This article is the second in a two-part series on the effects of high renewable penetration on thermal generation operational paradigms. The first article discussed how intermittent renewable generation has transformed the grid to the point where many combined cycle plants are unable to operate profitably.*** So baseload power is on its way out and intermittent renewable generation is on its way in. There’s been …

risk-management-solutions (1)

Energy Risk Management: Five Steps to Improve Your Process

Choose the right risk metric. Energy portfolios vary greatly from company to company and location to location.  No two energy portfolios are the same, and risk management strategies must be tailored to the unique risk factors of each portfolio. Many companies use a traditional Value-at-Risk (VaR) metric to report risk to their Board and to highlight risk to the portfolio in quarterly financial reports.   …

brock-energy-analytics

cQuant Insight: GE Rings Funeral Toll for Baseload Generation

***This article is the first in a two-part series on the effects of high renewable penetration on thermal generation operational paradigms. The next article will discuss how utility supply planners, generation asset managers, and renewable PPA purchasers can leverage today’s best practices in energy analytics to position their portfolios for a future without baseload power.***  The fact that our generation mix is transforming is no …

energy-analytics-cQuant.io

Energy Analytics Revolution is Here!

I have been writing recently about the risks associated with buying enterprise software, advances in cloud computing, and the benefits of software-as-a-service. I have tried to keep those articles fairly vendor agnostic. This article is going to be more self-serving. I am basically going to describe why we at cQuant.io decided to build a new type of energy analytics company. What is wrong with the current choices? How can …

“Bomb Cyclone” Highlights Need for Energy Risk Management

For many on the east coast, the end of 2017 brought more than Yuletide cheer and presents. A weather event called a “bomb cyclone” brought over a foot of snow followed by weeks of cold weather that ticked new record low temperatures in many of the northeastern United States. Many states experienced temperatures 20-30 degrees below normal and strong winds plunged apparent temperatures even lower. …

Fair Weather Risk Management

I learned a valuable lesson about risk management the summer after I moved to Boulder, Colorado. Coloradans love to remind others (and each other) they get over 300+days of sunshine each year, and my first year in the state seemed to bear out this anecdotal wisdom. However, what all the jolly weather-snobs fail to mention is that Boulder is also prone to monsoons during the …

Enterprise Software

Calculating the Costs of Enterprise Software Purchases

Economists that study purchasing behavior understand that people often deceive themselves when buying large ticket items. There are certainly emotional components to purchasing behavior. I have purchased over 10 automobiles in my adult life without understanding the “total cost of ownership” (TCO) of any of them. I tried to make good decisions, but at the end of the day, I really wanted that vehicle. I once bought a totally …