Jeremy B. Platt, P.G. serves as a Senior Project Manager (and Manager, Power and Fuel Supply) for the Electric Power Research Institute (EPRI) since 1974. Platt currently chairs the EMD Energy Economics and Technology Committee. He is an EMD Past President, and chaired the EMD’s Uranium (Nuclear Minerals) Committee – a key focus of his EPRI research in the 1970s – early 1980s. He occasionally chairs and/or speaks at AAPG – EMD annual meetings.
A member of EPRI’s Generation Sector, Platt manages EPRI’s research on Understanding Power & Fuel Markets and Generation Response. This area of collaborative research spans market developments in power, natural gas and coal, and emission allowances (SO2); fuel planning and procurement issues; strategic changes in the power business; and the operation and profitability of generation assets (including state-of-the-art assessment of impacts of wind generation). The most recent thrust of the research is to assess impacts on coal generation/competitiveness of the recession, cheap natural gas and growth in renewable energy, particularly evidenced during 2009.
By the late 1990s, the program identified the implications of boom-bust developments in the industry. During 2008, the program was one of the first to document the significance of major changes/expansions in the country’s natural gas supply and delivery infra-structure. The program has been a premier source of information on power sector fuel use, particularly the use of natural gas and the economics of fuel switching. The program early recognized LNG and impacts of coal plant cancellations on natural gas.
Platt’s work on utility planning first addressed scenario planning, decision analysis and industry restructuring. He was a principal in EPRI’s response to the Clean Air Act Amendments of 1990, examining the economics of “scrub-switch” decisions, low-sulfur coal availability and SO2 emission allowance trading. He took on other asset management studies beginning in 2000, dealing with how to assess ancillary services markets, the real option value of power plants, and the value of coal generation and technology R&D. Case studies provided market and operational simulations of various decisions about plant budgeting, including impacts of wind. A long-standing initiative assesses impacts of non-design fossil (steam) plant operation.
Platt also guides national experts to conduct original research on these topics, leads a committee of utilities to set priorities, writes or edits articles on specific topics such as changes in the levels and likelihood of new power plants, and organizes the EPRI-EEI Annual Seminar on Power Technology, Fuel Supply and Market Risk.
Platt received a Bachelor’s degree in economic geology, economics, and energy issues from Harvard University in 1971 and a Master’s degree in geological sciences with an emphasis on sedimentary and metamorphic geology and geochemistry from Stanford in 1974.
Recently Authored EPRI Articles/Reports include:
- “Energy Market Commentary: Focus on Natural Gas. Short Term Abundance, Longer Term Questions”, in Energy Markets and Generation Response (newsletter), Feb. 2010
- Forecasting Fuel Price Behavior for Energy Risk Management: Disruptions Past, Present, and Future, EPRI Report No. 1017688, December 2009
- Natural Gas Supply Capabilities under Heightened Demand from CO2 (02/ 2010)
- Decommissioning Process for Fossil-Fueled Power Plants, 1/2010 (1020652)
- Economic Modeling of Mid-Term Gas Demand and Electric Generation Capacity Trends 12/2009 (1017499)
- Tensions in Global Power and Fuel Sector Development (Program 66) 3/09 (1015680)
- Global Gas Mkt Analysis 3/08 1014922: Internat’l Coal Mkt Analysis 12/07 (1014921)
- Regional Reserve Margins 3/09 (1016791)
- ERCOT Wind Development: Market Impacts Prior to Next…Transmission 3/09 (1016792)
- Power Plant Budgeting—Market and Plant Operation Case Study, 3/08 (1014234)
- Portfolio Impacts of Environmental Controls for Coal Generating Units – Market-Based Simulation of Coal Unit Operations, Modifications and Revenue 3/07 (1012253)
- Power Industry Development Paths and Natural Gas Market Risks 9/09 (1017516)
- Market Impacts of Changing Natural Gas Infrastructure 10/08 (1015703)
- U.S. Coal Supply: International Shocks and Value of Fuel Flexibility 3/09 (1015704)
- “Coal at Center of Power Shift – Volatility, globalization driving market”, J. Platt and W A. Ambrose, AAPG Explorer, February 2009
- “Gas Important to Energy Economics -- Beyond Oil: The Critical Role of Natural Gas”: AAPG Explorer, November 2007