Our Services
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OTHER SERVICES
Electricity Market Operations
Renewable Energy Integration Decarbonization Strategies Resource Adequacy Regulatory Support FEATURED PROJECTS
Offshore Wind Bid Evaluation
TCR has served as a consultant to utilities in the Northeastern United States procuring mandated offshore wind capacity to provide independent, quantitative evaluation of bid proposals.
Market Value of Utility Scale Battery Storage
An IPP and project developer retained TCR to evaluate the commercial viability and economic benefits of a large battery storage project within the WECC footprint.
Merchant Pumped Hydro Storage
A merchant developer of pumped hydro facilities retained TCR to evaluate the market value and environmental benefits of several proposed merchant pumped hydro storage projects. The proposed projects repurpose mountain top strip mine locations into pumped storage facilities. TCR provided to the development team engineering economic analyses, financial analyses, and regulatory expertise.
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Asset ValuationTCR uses ENELYTIX, its cloud-based market modeling tool, to perform rigorous asset valuation studies quantifying the value of new and existing assets and contracts in energy markets. The foundation of our approach is a thorough knowledge of generation, transmission, and distribution technologies and systems. We build upon that technical foundation by applying principles from economics and finance, informed by the goals of utility regulation and public policy.
TCR typically uses a revenue/income approach to estimate the market value of energy assets. TCR projects the cash flow the candidate asset will produce or, in the case of load reduction assets, avoid over its economic life. TCR develops these projections by simulating the operation of the market in which the candidate asset will operate over an appropriate study period. For an asset operating in wholesale electricity markets, TCR forecasts the revenues the asset would receive from providing capacity, energy, and ancillary services in the relevant wholesale markets, as well as the candidate asset’s level of participation in those markets. For a distributed energy resource, TCR forecasts the wholesale energy and distribution system costs its owner avoids by using its generation on-site, as well as the wholesale energy and distribution service revenues its owner receives from selling its services into those markets. TCR brings a multi-disciplinary, quantitative approach to our analyses. Our team has a comprehensive range of technical, economic, financial, and regulatory expertise. We apply state-of-the-art analytical tools and simulation models. TCR provides analyses with rigorous results that withstand peer review and litigation scrutiny. We present those analyses and results clearly and convincingly to both technical and non-technical audiences. Case StudyMarket Value of Utility Scale Battery Storage
An IPP and project developer retained TCR to evaluate the commercial viability and economic benefits of a large battery storage project within the WECC footprint. Using ENELYTIX, TCR performed a multi-regional two settlement simulation of security constrained unit commitment and economic dispatch to model day-ahead and real-time markets for energy and ancillary services in WECC. TCR used the results of that simulation to prepare a comprehensive evaluation of stacked benefits accruing to the proposed storage project across markets and market products.
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