Abstract: A computer implemented platform for managing risk and uncertainty for energy grid operators, includes: a forecasting application providing probabilistic forecasts or uncertainty quantification for load, weather, and renewable-energy forecasting aspects; a risk analytics and visualization application providing availability risks of generation, fuel and net scheduled interchange and displaying at least portions of the availability risks in a geographic overlay; and a net uncertainty application dynamically setting reserve requirements based on periodic risk profiles.

Abstract: Computer implemented systems and methods for providing an uncertainty platform for an energy grid controller that (1) receives risk inputs including (a) one or more load forecasts, (b) one or more wind forecasts, (c) one or more solar forecasts, (d) one or more generator availability risk forecasts, (e) one or more generator fail-to-start or fail-to-run predictions, (f) one or more net scheduled interchange forecasts, and/or (g) one or more transmission congestion forecasts; (2) determines net uncertainty for a predetermined time period based on the risk inputs; and (3) provides dynamic risk outputs including forecast scenarios, reserve requirements and/or reserve margin thresholds based on the determination of net uncertainty.