About ICF
Ilkka Kovanen
Senior Consultant, Energy Markets
Ilkka specializes in quantitative modeling and analysis of power markets and individual market resources, market research, thought leadership, and model development.

Ilkka specializes in quantitative modeling and analysis of power markets and individual market resources, market research, thought leadership, and model development. His primary focus is the Pennsylvania-New Jersey-Maryland (PJM) market, with additional experience in the other U.S. power markets. Ilkka closely follows market developments in PJM and helps model and quantify their impacts. His work in PJM has covered the energy market, capacity market, ancillary services markets, transmission congestion, hedging agreements, and state energy policies.

Ilkka has supported a range of thermal, renewable, and storage clients in mergers and acquisitions transactions, development projects, and various internal analyses within the PJM market and across the U.S. He joined us in 2018 after completing his Master’s in Industrial and Operations Engineering from the University of Michigan, Ann Arbor.

Education
  • M.S., Industrial and Operations Engineering, University of Michigan, Ann Arbor

Insights

Article
How will the new FERC MSOC rules impact the PJM capacity market?
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Article
PJM 2022-2023 BRA post-auction analysis
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Paper
Watchlist for PJM’s 2022-2023 Base Residual Auction (BRA)
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Webinar
Storage economics in ISO New England
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Article
The potential impacts of PJM market reforms
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Article
How will proposed PJM market changes handle state nuclear subsidies?
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Article
Forecasting the 2021-2022 PJM auction
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