EnergyOnline

PRESS RELEASE

ERCOT 2019 Summer Quarter Outlook

LCG, May 29, 2019-- LCG released a new summer (June – September 2019) report that looks at how the ERCOT grid copes with strained network conditions. Resource adequacy analysis for the region is especially important during extreme summer loading conditions. This summer the network is under particular scrutiny as the reserves have tightened because of recent retirements.

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2019 ERCOT Outlook report available from LCG Consulting

LCG, January 8, 2019 --Texas continues to see growth in renewable energy resources. In 2018, ERCOT endorsed major transmission projects to serve load growth while relieving congestion in the Far West region. New import and export capabilities are also on the horizon, such as through the integration of Lubbock Power & Light and the possible Southern Cross transmission project.

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Impacts of High Variable Renewable Energy Futures

May 23, 2018 -- Lawrence Berkeley Lab partnered with LCG Consulting to study variable renewable energy (VRE) scenarios to offer a long-range view of how current choices could impact their future ability to cope with changes in the electric sector.

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ERCOT 2018 Summer Quarter Outlook

LCG, July 16, 2018-- LCG released a new third quarter (July – August 2018) report that looks at how the ERCOT grid can cope with strained network conditions.

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NEWS

EIA Publishes Regional Electricity Supply and Pricing Forecasts Using UPLAN Model

LCG, August 13, 2019--The U.S. Energy Information Administration (EIA) announced that it is revising the presentation and modeling of its forecasts for electricity supply and market hub pricing to better reflect current electricity markets and system operations in the U.S. Beginning with the August 2019 Short-Term Energy Outlook (STEO), the new forecasting approach models electricity markets using the UPLAN production cost optimization software developed by LCG Consulting. EIA uses the solution results provided by this proprietary model to develop the STEO forecasts of monthly electricity generation, fuel consumption, and wholesale prices.

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Dominion Energy Virginia Pursues 500 MW of Renewable Projects

LCG, August 8, 2019--Dominion Energy Virginia announced Monday that it is seeking bids for up to 500 MW of renewable capacity in both 2021 and 2022 to increase its clean energy resources. Dominion Energy stated that it is committed to having 3,000 MW of solar and wind in operation or under development in Virginia by 2022. This near-term step is part of an ultimate company commitment to reduce carbon emissions by 80 percent by 2050 across the 18 states it serves.

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Energy Market Forecasts and Actuals

MarketVision Forecasts
CAISO Sep 2019
Energy Price (Actuals)
ERCOT $30.44
MISO $24.39
NYISO $16.63
NEISO $24.42
CAISO $23.1
PJM $21
Load (Actuals)
ERCOT 60255 MW
MISO 79028 MW
NYISO 27834 MW
NEISO 15650 MW
CAISO 26524 MW


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