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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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Industry News

FPL Targets 1,490 MW of Solar Capacity for New Community Solar Program

LCG, March 15, 2019--Florida Power & Light Company (FPL) Wednesday filed a proposal with the Florida Public Service Commission (PSC) for a new community solar program, FPL SolarTogether. Pending PSC approval, FPL plans to install 1,490-MW of capacity at 20 new solar power plants across FPL's service territory to meet anticipated customer enrollment in the program.

FPL estimates the FPL SolarTogether will provide $139 million in net savings for customers over the long term, primarily from avoided fuel and other system savings. Customers that volunteer to participate will receive direct credits for the savings on their monthly bills. The program is designed to also contribute a portion of the savings to all customers, which will help keep fuel costs low for everyone.

The first six solar plants, which will each have a capacity of 74.5 MW, are scheduled to be operational early next year. The remaining 14 solar facilities are planned for 2021.

The president and CEO of FPL stated, "We've been aggressively expanding solar with one goal in mind: bringing more solar to all of our customers cost-effectively while continuing to keep their bills lower than 90 percent of the country. This innovative program is another major step forward in our '30-by-30' plan, which is one of the world's largest solar expansions, and also an unprecedented opportunity for our customers to harness the power of the sun like never before."

FPL states that they have designed FPL SolarTogether to provide customers flexibility. Participants in the program will not be required to commit to a long-term contract and can terminate or reduce their subscription at any time. In addition, because the subscription is associated with a customer account and not a physical address, program participants who move within FPL's service area can maintain their subscription benefits. FPL expects program participants to achieve a simple payback on their subscription within seven years.

FPL has also been working with its largest energy users. According to FPL, more than 200 of their largest energy users - including municipalities, large national retail chains, universities, banks, restaurants and schools - have committed to participate, providing the foundation for such a large program.
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