Udit Patel personal email
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Northeast Electricity Markets professional with extensive working knowledge of Electric and Natural Gas markets. My various strengths range from being a Control Systems Design & Field Engineer, Enterprise Management Consultant, Market Compliance Analyst, Resource Planning Analyst, Energy & Capacity Trading, and Generator Scheduling.Specialties: ISO market monitoring, market compliance, and investigation, Energy Markets Compliance, generator performance, generation costs, generator bidding & scheduling, market dispatch, billing and settlements, energy consulting, resource evaluation, technical due diligence, process development, integrated resource planning, resource modeling, system modeling, GE MAPS, natural gas price forecasting, generator performance, market mitigation
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Co-Founder / CtoDaylight Energy Jun 2022 - PresentAustin, Texas, Us -
AdvisorIcheck Energy & Solar Catalyst Jun 2019 - PresentSolar Catalyst's goal is to manage renewable projects for residential, commercial and industrial customers. Our in-house team evaluates, designs, and implements solar projects in the most cost-effective manner.We run a competitive procurement process to find customers the right partners for financing their renewable projects including solar pv, solar thermal, geo thermal, fuel-cells along with third-party supply optimization and energy efficiency.
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Vp Of Market OperationsNew York Based Energy Retailer May 2018 - Jun 2019- worked with current and prospective customers and channel partners to develop Renewable Products - Community solar, commercial solar, carbon offset supply- Extensively worked with customers that were looking for Renewable Power Purchase Agreement (PPA) to develop Wind, Hydro and Solar agreements - Pricing, risk mitigation, contract structure and scheduling- Virtual bidding , Load Forecast and Scheduling- Hedging of Energy and Capacity market purchases in OTC and broker markets- Retail Contract Pricing and risk modeling- Risk Mitigation Analysis on customer contract level- Historical hedge performance analysis- Evaluated the acquisition of two retailer portfolios- Designed and implemented in-house contract management software- Evaluated and billed swing charges, ICAP and other pass throughs- Evaluate customer consumption patters for future start date customers to ascertain and calculate risk profile premiums- Evaluate PPA strategies and constructs for RE100 customers- Signed LOI for 10 MW Solar PPA- Penned commentary related to market exposure for financial reporting- Calculated and assisted with quarterly and annual edits related to customer accruals on electric- Executed trading relationships with additional counterparties and brokers- Competitively bid for and procured capacity from OTC and broker market
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Energy And Capacity Trading - Electric Supply And SchedulingCon Edison Oct 2014 - May 2018New York, Ny, Us• Schedule daily Day Ahead Market transactions for portfolio generations and Non-utility generators by forecasting market prices and utilizing an economic dispatching model • Calculate and manage generation offers for generation portfolio and non utility generator contracts• Coordinate planned outages, max output testing while ensuring minimal revenue impact• Advise power plant operating staff on financial impacts of outage decisions, testing schedules and revenue optimization• Conduct DAM & RT Load purchases for New York city customers, • Monitor market information and trends to develop economic strategies that effectively optimize daily energy purchases between the New York ISO (NYISO) market• Assess impact of generator outages, market trends, fuel prices on energy and capacity markets -
Sr. Analyst - Resource Modeling & AnalysisCon Edison Nov 2011 - Oct 2014New York, Ny, Us• Perform and maintain multi-area reliability, market and generating asset production cost simulation modeling for NYISO, ISO-NE, PJM and IESO using GE MAPS• Utilize ISO/RTO market & operation OASIS data, EPA CEMS and EIA Forms data to benchmark market behavior• Continuously monitor and update the system model based on industry news, trends, system changes, market events and software changes• Analyze Natural Gas pricing trends based on day ahead trading, storage and forecast data published by EIA, Platts, NYMEX and SNL for use in resource assessment and system modeling• Analyze Coal pricing trends based on contractual pricing, spot prices, transportation and forecast data published by EIA, NYMEX and SNL for use in generating asset production modeling• Evaluate electric resource options such as generation; transmission capability, development & outages; energy efficiency and demand response programs• Perform and present resource economic studies, market analyses and TCC/FTR analyses• Aid in the formation of corporate short term and long term position on energy policies• Assist the Electric & Gas supply group with NYISO related ICAP auctions, market mitigation, scheduling related questions• Support the NYISO Business Issues Committee on various topics but mainly the CARIS (Congestion Assessment and Resource Integration) process and Market Mitigation Task force -
Market Compliance & Investigations AnalystNyiso Nov 2009 - Nov 2011Rensselaer, New York, UsThe primary responsibility of the Market Monitoring Analyst is to provide analysis and technical expertise on Market performance through analysis studies and periodic reporting.Analyze complex market and generator data to produce reports on the findings. Initiate contact with market participants for consultation on reference levels and market outcomes. Assisted in the timely response to customer, management and regulator inquiries. Participate in audits and investigations of external and internal issues, including investigating claims of exercise of market power and potential tariff violations. Administer the reference level mitigation consultation process, investigation issues brought to the committee, tracking the status of the cases and calculating settlements and penalties. Develop new and update existing department procedures to adhere to changes in tariff guidelines and other agreements approved by the Federal Energy Regulatory Commission (FERC). Served on market specialization teams to develop functional design specifications and conduct software user acceptance testing for market design changes and enhancements.- Designed the user interface and workflow for the Reference Level Software - generator cost module- Lead support for department SAS 70 (Statement of Auditing Standards) Audits in 2010 and 2011- Lead evaluation of (135) Mitigation consults, (7) disputes and (3) FERC Filings -
Senior Analyst - ConsultingBlack & Veatch Jan 2008 - Dec 2009Overland Park, Ks, Us• Project Due DiligenceResponsible with compiling due diligence reports based on client requirements. The reports included detailed analysis of plant designs, equipment, maintenance procedures, operation costs, fuel contracts and transmission agreements. The reports were compiled with information provided by the client and from site visits. Our clients included big five banks, individual investors and generator owners. Buyer reports’ comprised information gathered from OASIS sites, industry publications and other varied sources of publicly available documentation.• Plant Performance ReportingCompile quarterly performance reports for a coal-fired boiler unit rated at a total net output of 454 MW, a marine terminal and associated systems. The major part of the quarterly summary was comprised of plant output performance, operating budget, emission & safety overview. The reports includes a summary of outages, independent tracking of outage reports, plant upgrades and maintenance issues for the plant. -
Instrument/Control Engineer 1Black & Veatch Jan 2007 - Mar 2008Overland Park, Ks, UsThe typical responsibilities included design of control system, control logics, and provide instrument & control input to system Piping & Instrument Diagrams (P&ID's). Responsibilities included system analysis, calculations, research, equipment selection, layouts, for inconsistencies, necessary to develop required design documents. -
Product Development TechnicianCaterpillar Inc. Mar 2006 - Jan 2007Irving, Texas, Us -
Drive Test EngineerMotorola Solutions Oct 2005 - Feb 2006Chicago, Il, Us
Udit Patel Skills
Udit Patel Education Details
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Bradley UniversityBusiness Mgmt -
University Of Missouri-Kansas City
Frequently Asked Questions about Udit Patel
What company does Udit Patel work for?
Udit Patel works for Daylight Energy
What is Udit Patel's role at the current company?
Udit Patel's current role is Energy and Technology Entrepreneur.
What is Udit Patel's email address?
Udit Patel's email address is up****@****ail.com
What schools did Udit Patel attend?
Udit Patel attended Bradley University, University Of Missouri-Kansas City.
What skills is Udit Patel known for?
Udit Patel has skills like Management, Strategic Planning, Leadership, Project Management, Business Strategy, Strategy, Marketing, Marketing Strategy, Business Development, Entrepreneurship, Due Diligence, Energy Markets.
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