Data analytics — the scientific process of transforming data into insight for making better decisions — are used in virtually every division of a utility organization. During the past few years this knowledge requirement in the industry has emerged and accelerated. Data analytics is now a “must-have” skill for almost all utility professionals: from planning, to operations, to trading, to mid-level management, to the C-suite, and everywhere in between. The deployment of various sensors and advanced meters has brought a large amount of data to the industry. Increased computing power has made quantitative analytics plausible, timely and economically feasible. Meanwhile, the advancement of information technologies has enabled utilities to make real-time operational decisions that are fact-based and data-driven. A challenge, though, has been to compile a coherent approach for professionals not having advanced quantitative or data analytics training within the utility to leverage the multiple applications of analytics so as to achieve better key performance indicators (KPIs).
This one-and-a-half-day course provides an introduction to analytics in the context of the electric power systems and industry. The course is designed for engineers, planners, analysts and managers who are either new to the utility industry or looking to develop a better understanding of how to apply analytics across the entire organization. Through 10 diverse case studies and 4 hands-on exercises, attendees will gain a fundamental understanding of how to apply analytics within the utility industry, the classical and emerging problems, and how to tackle those problems using the quantitative techniques in the enterprise environment.
Employing case studies and workshop exercises, this instructional course will demonstrate in easy-to-follow methodologies the applications of data analytics most frequently used in the utility industry. It will:
- Define the basics of descriptive, predictive and prescriptive data analytics and when the appropriate tool(s) should be applied
- Demonstrate how to use numerical and graphical references and tools to describe data
- Discuss how to manage data-intensive, analytical projects
- Indicate how to develop, build and coordinate a team to tackle analytical challenges at different hierarchical levels of the organization
- Provide the analytics foundations used to derive the following key utility functions
- Electricity demand forecasting
- Reliability planning
- Demand response program management
- Unit commitment
- Energy trading
- Forecasting emerging technologies
- Solar rooftop penetration
- Electric vehicles adoption
- Outage management and storm restoration
- Aging infrastructure and asset management
EUCI has been accredited as an Authorized Provider by the International Association for Continuing Education and Training (IACET). In obtaining this accreditation, EUCI has demonstrated that it complies with the ANSI/IACET Standard which is recognized internationally as a standard of good practice. As a result of their Authorized Provider status, EUCI is authorized to offer IACET CEUs for its programs that qualify under the ANSI/IACET Standard.
EUCI is authorized by IACET to offer 1.1 CEUs for this event.
Requirements For Successful Completion Of Program
Participants must sign in/out each day and be in attendance for the entirety of the course to be eligible for any continuing education credit.
PowerPoint presentations, case studies, and workshop exercises will be used in this program.
Monday, June 5, 2017
8:00 – 8:30 a.m. :: Registration and Continental Breakfast
8:30 – 9:30 a.m. :: Evolution of Data Analytics Practice in the Electric Power Industry
- History of the industry
- Electric power systems
- Advancement in analytics and the relationship to IT
9:30 – 10:15 a.m. :: Introduction to Data Analytics
- Case study 1: analyzing utility stocks
- Descriptive analytics
- Predictive analytics
- Prescriptive analytics
- Hands-on exercise
10:15 – 10:30 a.m. :: Morning Break
10:30 a.m. – 12:00 p.m. :: Descriptive Data Analytics
- Case study 2: describing electricity demand
- Numerical methods
- Graphical methods
- Hands-on exercise
12:00 – 1:00 p.m. :: Luncheon Break
1:00 – 2:30 p.m. :: Predictive Data Analytics
- Case study 3: peak demand forecasting
- Exponential smoothing
- Regression analysis
- Hands-on exercise
2:30 – 3:00 p.m. :: Networking Break
3:00 – 4:45 p.m. :: Predictive Data Analytics (Continuation)
- Case study 4: power distribution system reliability
- Case study 5: managing demand response programs
- Survival analysis
5:00 p.m. :: Course Adjourns for the Day
Tuesday, June 6, 2017
8:00 – 8:30 a.m. :: Continental Breakfast
8:30 – 10:00 a.m. :: Prescriptive Data Analytics
Case study 6: unit commitment
- Linear programming
- Dynamic programming
- Hands-on exercise
Case study 7: energy trading
- Electricity market and locational marginal pricing
- Risk analysis
10:00 – 10: 15 a.m. :: Morning Break
10:15 – 11:00 a.m. :: Comprehensive Case Studies in Data Anlytics
- Case study 8: forecasting solar rooftop penetration
- Case study 9: Outage analytics
- Case study 10: Aging infrastructure and asset management
11:00 – 11:45 a.m. :: Utility Data Analytics in the Enterprise Environment
- Analytics solutions and services
- Managing analytics projects
- Cross-functional analytics team
- Career path and career development
11:45 a.m. :: Program Concludes
Tao Hong, Director of BigDEAL (Big Data Energy Analytics Laboratory), University of North Carolina at Charlotte
Dr. Tao Hong is the Director of BigDEAL (Big Data Energy Analytics Laboratory) at University of North Carolina at Charlotte and Chief Data Scientist of Hong Analytics. He has been providing training and consulting services to more than 100 organizations in the energy industry worldwide. He is the Founding Chair of IEEE Working Group on Energy Forecasting, General Chair of Global Energy Forecasting Competition, lead author of the online book Electric Load Forecasting: Fundamentals and Best Practices, and author of the blog Energy Forecasting. Dr. Hong received his B.Eng. in Automation from Tsinghua University in Beijing and his PhD with co-majors in Operations Research and Electrical Engineering from North Carolina State University.
The Hotel Minneapolis, Autograph Collection
215 S 4th St.
Minneapolis, MN 55401
To reserve your room, please call 1-612-340-2000
Please indicate that you are with the EUCI group to receive the group rate.
The room rate is $229.00 single or double plus applicable taxes.
Room Block Dates:
A room block has been reserved for the nights of June 4 – 8, 2017.
Rate Available Until:
Make your reservations prior to May 17, 2017. There are a limited number of rooms available at the conference rate. Please make your reservations early.