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Richard Tabors, Ph.D.
President Email: rtabors@tcr-us.com EDUCATION: D.Sc. (Honorary), Electrical Engineering, University of Strathclyde, Scotland Ph.D., Geography and Economics, Maxwell School, Syracuse University M.S., Geography and Economics, Maxwell School, Syracuse University B.A., Biology, Dartmouth College Richard Tabors is an economist and scientist with 40 years of domestic and international experience in energy planning and pricing, international development, and water and wastewater systems planning. Dr. Tabors provides expert consulting and testimony on the design, structuring, and regulation of power markets. His strength in these roles is based upon his ability to develop and manage effective client- and problem-focused teams that bring intellectual originality and rigor to the challenges of energy markets.
Dr. Tabors has provided expert assistance and testimony in numerous energy sector regulatory and arbitration cases at the federal, state, and provincial levels throughout the United States and Canada. He has provided technical assistance on electricity markets and market development to policy makers, utilities, merchant power developers, and transmission companies in North America, Europe, Latin America, Australia, and the Middle East. Dr. Tabors was a member of the MIT team that developed the theory of spot pricing upon which real-time pricing and locational marginal pricing of electricity and transmission services are based (Spot Pricing of Electricity, Kluwer Academic Publishers, 1988). Dr. Tabors subsequently led teams addressing the restructuring of power markets in the United Kingdom, throughout the United States, and in Canada. Dr. Tabors has held a variety of research and teaching positions at MIT including Assistant Director of the Laboratory for Electromagnetic and Electronic Systems and Associate Director of the Technology and Policy master’s program. Most recently Dr. Tabors was co-director of the MIT Energy Initiative’s Utility of the Future project. In addition to being President of TCR Dr. Tabors is Executive Vice President of NewGrid Inc and is a visiting professor of Electrical Engineering at the University of Strathclyde, Glasgow, Scotland. Prior to founding TCR in 2014, Dr. Tabors was Vice President and Energy Practice leader at Charles River Associates from 2004 to 2012. He was previously Founder and President of Tabors Caramanis & Associates from 1988 until its sale to Charles River Associates in 2004. Michael Caramanis, Ph.D.
Principal Email: mcaraman@bu.edu EDUCATION: Ph.D., Engineering, Harvard University M.S., Engineering, Harvard University B.S., Chemical Engineering, Stanford University Dr. Caramanis is a professor of systems and mechanical engineering at Boston University with expertise in mathematical economics, optimization, and stochastic dynamic decision making. He has 40 years’ experience in electricity generation expansion, supply chain optimization, and spatiotemporal marginal costing of electricity in transmission and distribution networks. Dr. Caramanis has directed numerous research projects on these issues sponsored by the Electric Power Research Institute, New York State Energy Research and Development Authority, National Science Foundation, and the electric industry. He has authored or co-authored more than 100 refereed publications.
The focus of Dr. Caramanis’ current research and consulting is marginal costing and dynamic pricing in smart power grids, grid topology control to mitigate congestion, and extending power markets into distribution systems in order to enable increased market participation by distribution connected loads, generation and storage resources. Dr. Caramanis served as chair of the Greek Regulatory Authority for Energy from 2005 through 2009, and chaired the Investment Group of the International Energy Charter from 2004 to 2008. Dr. Caramanis was a member of the MIT team that developed the theory of spot pricing upon which real-time pricing and locational marginal pricing of electricity and transmissions services are based (Spot Pricing of Electricity, Kluwer Academic Publishers, 1988). Dr. Caramanis subsequently participated in pioneering the implementations of restructured wholesale electricity markets in the United Kingdom, Italy, the United States, and Spain. Alex Rudkevich, Ph.D.
Principal Email: arudkevich@tcr-us.com EDUCATION: Ph.D., Energy Economics and Technology, Russian Academy of Science A.B.D., System Analysis and Operations Research, Russian Academy of Sciences M.S., Applied Mathematics, Gubkin Russian State University of Oil and Gas Dr. Rudkevich is a mathematician and economist with expertise in modeling power markets, design of power markets, and optimization of power systems and natural gas supply. He has over 30 years’ experience providing consulting, research and expert testimony on the design and operation of power systems. His consulting includes valuation of generation and transmission assets; price forecasting and development of forward curves; market design; evaluation of alternative market designs for electric energy, capacity, ancillary services, assessments of financial transmission rights and marginal losses; and analyses of market power and mitigation measures.
Dr. Rudkevich is also President of Newton Energy Group (NEG), a research affiliate of TCR. At NEG he developed ENELYTIX™*, a cloud-based environment for modeling power markets. TCR has used Enelytix to prepare valuations of existing and proposed generation and transmission assets and to analyze power market designs throughout the United States, Canada, and Mexico. Currently Dr. Rudkevich is leading a multi-disciplinary team on a major ARPA-E funded project to develop market designs and algorithms for co-optimization of wholesale natural gas and electric markets. Other representative projects include development of an advanced method of topology control for the electric grid, technical direction of economic analysis for the Eastern Interconnection Planning Collaborative, cost-benefit analysis of the implementation of a nodal market design for the Electric Reliability Council of Texas, and analysis of congestion for the Department of Energy’s first National Electric Transmission Congestion Study. Prior to co-founding NEG and TCR, Dr. Rudkevich was a Vice President at Charles River Associates in its Energy & Environment practice. Previously he has served in senior consulting positions with Tabors Caramanis & Associates, Tellus Institute, Cambridge Energy Research Associates, and the Energy Research Institute of the Russian Academy of Sciences in Moscow. Ninad Kumthekar
Director Email: nkumthekar@tcr-us.com EDUCATION: Master of Engineering Management, Dartmouth College B.Tech., Mechanical Engineering, National Institute of Technology, India Ninad Kumthekar is a mechanical engineer and analyst with over 10 years’ experience in the energy industry. He specializes in the modeling and analysis of power systems and has a firm understanding of the technical and economic fundamentals of power markets, renewable markets, power generation, and transmission.
At TCR, Ninad has played a leading role in TCRs consulting engagements, serving as the project manager and lead analyst in various asset valuation and market operation projects including the evaluation of clean energy and offshore wind proposals TCR has prepared for Rhode Island and Massachusetts. He was involved in the development of modeling assumptions, evaluation metrics, bid reviews, reports and presentations, and providing regulatory support. He has also served as an analyst on TCR’s other consulting and litigation projects, including market operation and asset valuation projects in New York, as well as developing projections and analyzing market prices and marginal emission rates (MER) across multiple power markets (ISOs and balancing areas) across North America. These engagements also involved the development of input assumptions and modeling methods for various modeling scenarios and sensitivities. Prior to TCR, he worked as a project engineer with the UK based engineering consulting firm, Mott MacDonald, with their power generation team in Abu Dhabi. In that role he was a part of project teams delivering technical advisory, engineering consultancy and design services to developers, regulatory bodies, lenders and electric utilities in the Middle East. Ninad is proficient at developing simulation models and analyzing results from capacity expansion and production cost models using ENELYTIX. In his prior work, he has modeled complex thermal cogeneration systems, undertaken design reviews, feasibility studies and assisted in the development and evaluation of technical bids. He is experienced in developing spreadsheet-based calculation models for load forecasting, fuel demand modeling, system optimization, and project lifecycle cost analysis. He is conversant in VBA and python and uses them to undertake more complex data manipulation and statistical analysis tasks. Ninad is a food enthusiast, hobby crafter and LEGO collector, and loves spending his free time playing and producing music. |
Kieran Ahern
Senior Analyst
Email: kahern@tcr-us.com
EDUCATION:
B.E., Engineering, Thayer School of Engineering at Dartmouth
B.A., Engineering Sciences, Dartmouth College
Senior Analyst
Email: kahern@tcr-us.com
EDUCATION:
B.E., Engineering, Thayer School of Engineering at Dartmouth
B.A., Engineering Sciences, Dartmouth College
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Kieran Ahern is a mechanical engineer and analyst with one year of experience in modeling and power market simulation in ENELYTIX. He supports TCR's modeling projects development on energy and capacity market research, input preparation, benchmarking of models, and capacity expansion and energy & ancillary services model setup. He has helped with research to buildout datasets while preparing and maintaining automation tools for inputs and results dataflows. He is driven by his interest in energy markets as a key to the green transition and enjoys working with the team to support the renewable energy projects and analyses.
Kieran also enjoys being active, biking, running, canoeing, gardening, and amateur woodworking. |
Emma Naden
Associate
Email: enaden@tcr-us.com
EDUCATION:
M.Sc., Mathematical Modeling and Scientific Computing, University of Oxford
B.S., Mathematics, Texas A&M University
Associate
Email: enaden@tcr-us.com
EDUCATION:
M.Sc., Mathematical Modeling and Scientific Computing, University of Oxford
B.S., Mathematics, Texas A&M University
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Emma Naden is an Associate at TCR with seven years of experience in electricity market design and analysis, consulting primarily in the areas of resource planning and decarbonization. Her areas of expertise include modeling and simulating electricity markets and electricity market policy and regulation.
During her time at TCR, Emma has assisted clients in engaging the regulatory stakeholder process and has served as the project manager and lead analyst on modeling projects related to decarbonization policy. She also routinely supports TCR’s other power market modeling work through market research and data analysis. Prior to joining TCR, Emma was employed by the Federal Energy Regulatory Commission as a senior analyst in the Office of Energy Market Regulation, where she focused on regulated utilities, market design, and transmission planning in the Western United States. Before joining FERC, she worked as a Resource Planning Engineer at Arizona G&T Cooperatives, where she performed long-term strategic planning for an electric generation and transmission cooperative supporting six distribution cooperatives. Emma is proficient at coding in Python and R, as well as in utilizing the energy market modeling platform ENELYTIX. |
Sidney Swearingen
Analyst
Email: sswearingen@tcr-us.com
EDUCATION:
M.S., Energy Systems Engineering, Northeastern University
B.S., Environmental Studies, Davidson College
Analyst
Email: sswearingen@tcr-us.com
EDUCATION:
M.S., Energy Systems Engineering, Northeastern University
B.S., Environmental Studies, Davidson College
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Sidney Swearingen is an engineer and analyst with one year of experience modeling and analyzing electric power markets. She supports consulting efforts across a range of areas, with a focus on the Northeastern US. Her expertise is in the simulation of electric capacity expansion and production cost models using ENELYTIX®. She is experienced in all stages of modeling including conducting market research, maintaining complex datasets, refining model inputs, analyzing results and improving processes using Python and Excel. At TCR, she has worked on the cost-benefit analysis of long-term clean energy contracts as well as the valuation of generation assets.
Sidney’s interest in energy stems from her passion for the environment and her fascination with the energy transition. She enjoys hiking, skiing, running, and her daily bike-commute. |
Joseph Silvers, P.E.
Senior Analyst
Email: jsilvers@tcr-us.com
EDUCATION:
M.S., Electrical and Computer Engineering, University of Illinois at Urbana-Champaign
B.S., Electrical Engineering, North Carolina State University
Senior Analyst
Email: jsilvers@tcr-us.com
EDUCATION:
M.S., Electrical and Computer Engineering, University of Illinois at Urbana-Champaign
B.S., Electrical Engineering, North Carolina State University
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Joseph Silvers is an electrical engineer with more than 10 years' experience in the electric power industry. His background includes domestic and international experience in electric transmission and distribution systems modeling and planning, generator and battery energy storage interconnection, regulatory compliance, electricity markets and economic evaluation, power system data analytics and software, and industry strategy. He has presented and written on topics ranging from power system model validation to assessment and applications of distributed energy resources in future power grids. Joseph is a licensed professional engineer in North Carolina.
At TCR, Joseph conducts research activities and supports consulting efforts across a range of analysis areas, including using ENELYTIX for capacity expansion and production cost modeling studies. Joseph also provides development and process automation support for these activities. Joseph previously worked as a senior engineer at a transmission analysis software start-up and was a transmission planning consultant at a multi-national power systems technology firm. Outside of work, Joseph enjoys playing jazz guitar, distance running, mountain and road biking, and spending time with his family. |
Bo Li
Analyst
Email: bli@tcr-us.com
EDUCATION:
Master of Engineering Management, Dartmouth College
B.S., Environmental Engineering, University of Vermont
Analyst
Email: bli@tcr-us.com
EDUCATION:
Master of Engineering Management, Dartmouth College
B.S., Environmental Engineering, University of Vermont
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Bo Li is an analyst at TCR with prior experience in engineering consulting and data analytics. He supports TCR client engagements through energy market model development (capacity expansion, energy and ancillary service, etc.) and renewable market research as well as carbon footprint calculations. He is also versed in database tools such as SQL and Python.
During his free time, Bo likes to ski, hike, run, and travel to new places. |
Alexander Derenchuk
Senior Analyst
Email: aderenchuk@tcr-us.com
EDUCATION:
B.E., Engineering, Thayer School of Engineering at Dartmouth
B.A., Earth Sciences, Dartmouth College
Senior Analyst
Email: aderenchuk@tcr-us.com
EDUCATION:
B.E., Engineering, Thayer School of Engineering at Dartmouth
B.A., Earth Sciences, Dartmouth College
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Alex Derenchuk is a senior analyst at TCR with three years of experience in power market design, operations, and simulation. He has previously worked on long-term market forecasts for several power markets across North America, offshore wind evaluation for Massachusetts utility companies, evaluation of voluntary corporate clean energy procurement strategies, and probabilistic wind generation forecasting. He also has experience developed automated tools in Python and SQL for market model input data preparation and result analysis.
In his free time, Alex likes to spend time skiing, rock climbing, hiking, and biking. |
Amanda Farnsworth, Ph.D.
Senior Analyst
Email: amanda.farnsworth@powerintel.net
EDUCATION:
Ph.D., Chemical Engineering, Massachusetts Institute of Technology
B.S., Chemical Engineering, North Carolina State University
Senior Analyst
Email: amanda.farnsworth@powerintel.net
EDUCATION:
Ph.D., Chemical Engineering, Massachusetts Institute of Technology
B.S., Chemical Engineering, North Carolina State University
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Dr. Farnsworth is an engineer and energy analyst whose work at TCR focuses on the PowerIntel data intelligence product. Her expertise is in optimizing regional power system decarbonization schemes to be reliable and economical.
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