Why One Future is Not Enough: Scenario Planning for a Changing Grid

IEEE GMS PES presents: Why One Future is Not Enough: Scenario Planning for a Changing Grid

The energy transition is unfolding amid significant uncertainty, including shifting policies, evolving load forecasts, and rapidly changing technology costs. Relying on a single view of the future is no longer sufficient for strategic decision-making. To address this, developing and maintaining multiple scenarios to capture a range of plausible futures is essential. These scenarios should be refreshed annually to reflect updated load forecasts, policy changes, and market dynamics. This talk will explore the rationale for scenario-based planning, the key dimensions analyzed such as supply, demand, costs, and policy, and the modeling tools that enable robust insights. We will discuss how capacity expansion modeling and production cost modeling work together to inform investment decisions, ensure reliability, and evaluate trade-offs across scenarios. By embracing multiple futures, organizations can better navigate uncertainty and make informed decisions in a rapidly changing energy landscape.

Register: https://events.vtools.ieee.org/m/501785