The Importance of Forecasting in the Energy Sector

Forecasting is a critical component of the clean energy transition for a number of reasons. The electric grid needs to undergo a sea change right now, as its power mix moves from controllable sources like fossil fuels and nuclear power to more intermittent ones such as solar and wind power. Because of climate change, we also have things like more extreme storms and fires which cause both supply and demand to be more difficult to predict.