Planning for Uncertainty

At the November 2014 Council Meeting, Power Division Director Tom Eckman presented an overview of Council’s approach to resource planning, focusing on how its analytical processes address the inherent uncertainty in major drivers of electricity demand, resource costs, and risks.

Read the Council's blog post on planning for uncertainty to learn more background and context around the issue and to see a short clip from the presentation.

The presentation expands on the types of uncertainty the Council’s planning addresses and describes the analytical methods it uses to evaluate and identify resource strategies that can be used to mitigate risk at an acceptable cost.

This is the second in a two-part series designed to provide Council members and interested stakeholders with background on the analytical methods used in plan development. Part one is an overview of the Council's planning methods.

Presentation Materials (PDF)

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Planning for Uncertainty

The Council’s power plans begin with the premise that the future is uncertain and we can’t really predict what will happen. Managing that risk is central to the Council’s approach to resource planning.

Read the Council's blog post on planning for uncertainty to learn more background and context around the issue and to see a short clip from the presentation.