Mike Ludkovski @MLudkovski
Professor of Mathematical Finance at UC Santa Barbara. CFMAR Co-director. Working on renewable energy, computational finance & ML in Actuarial Science. California, USA Joined December 2019-
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Citi 1 : 0 Citadel.
Citi vs Citadel: who is going to be right about the Fed int rate decision this week⁉️ Bloomberg headlines today:
@JesusFerna7026 Exactly the same situation is happening in Data Science/Statistics. Those majors have become incredibly popular at public universities in the past decade and are systemically underfunded. Berkeley is perhaps the only uni in US where DS is well-treated.
Citi vs Citadel: who is going to be right about the Fed int rate decision this week⁉️ Bloomberg headlines today:
A new day and a new record for SPP load: now over 60.4GW and trending up. Real time prices surging as we speak.
#SPP is about to crack the record of 60GW of load. 4 of the highest-ever load days have been in the past week!
@clawrence @edcporter @basepowerco @Tesla @Sunrun We have a recent preprint trying to quantify this peak pricing (as far as Energy Arbitrage revenue) cannibalization that you might be interested in: arxiv.org/abs/2605.01178 Happy to chat how to make it more real-market-relevant!
@peter_richtarik @SebastienBubeck @ben_golub should take this up with refine.ink too
@business As a case in point, the load in Southwest Power Pool which covers the Great Plains, from Dakotas down to Oklahoma, is about to break the record of 60 GW today 7/27. The top-4 all-time highest loads were all recorded in the past week (courtesy of @grid_status):
#SPP is about to crack the record of 60GW of load. 4 of the highest-ever load days have been in the past week!
@douglewinenergy It happened! New battery record: 11980MW, just shy of 12GW and 300 MW higher than the previous record from 2 weeks ago. 🔋
@RDMetcalfe @a_r_schein @CentreNetZero Any plans to run a similar experiment in US?
@SPPorg Real-Time prices are experiencing "cardiac arrest" the past 2 days. Extreme volatility with multiple spikes from $50/MW to $300+ and back. Tight grid conditions due to the heatwave
@SPPorg Real-Time prices are experiencing "cardiac arrest" for the past two days. Extreme volatility with multiple spikes from $50 to $300+ and back. Tight grid conditions due to the heatwave.
MISO DA prices are above $800 for this evening. Interesting to see how RT performs. After all the winter price spikes driven by cold, we are now in the summer peak load season.
Got an email that @UCSB campus is under an Electrical Demand Reduction Event today 7/16 with CAISO issuing notice of potential generation capacity shortage due to high regional demand. UCSB is asked to reduce power 4-7PM. Yet CAISO forecasts peak load <41GW, nothing extreme...
@ERCOT_ISO has been obliterating battery records as apparently additional BESS are now online. Max charging has increased by 2.5+ GW in the past 2 weeks from 7.9 to >10.5 GW on 7/4, while max discharging jumped by 1.3GW today. Both records are now higher than those in California.
Thanks to SunZia wind project in New Mexico, the solar-dominated #CAISO is enjoying a major uptick in wind generation. All ten of top-10 wind days have occurred in the past month! @grid_status I will be doing a deeper dive into CAISO wind soon.
Two milestones for CAISO in the past two days. On Friday afternoon, a new record of 30.5GW was set for max renewables generation. On Saturday at 1pm, a new record low net load of -9.1GW was reached. Both are enabled by batteries 🔋 which now routinely contribute +/-10GW of power.
The day of minimum net loads: all three of CAISO (West), NYISO (New York) and PJM (Mid Atlantic+Midwest) set record low net loads today. In CAISO, thanks to the batteries the grid can go almost -8GW nowadays.
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