Impacts of COVID-19 Virus on Electricity Demand

LCG, March 27, 2020 -- Jeremy Platt, an energy scientist, Palo Alto has made some early analysis of impact of COVID -19 on electricity demand using the grid operators data published by LCG. Data from several areas of the country offer early and near real-time views of impacts of the economic slowdown due to evolving regional and statewide coronavirus mitigation strategies.

Read more

California PUC Targets Doubling Renewable Energy by 2030

LCG, March 27, 2020--The California Public Utilities Commission (CPUC) yesterday unanimously approved a new emissions target for its electric sector that would double California's clean energy capacity through 2030 and effectively block new natural gas-fired electric generating facilities.

Read more

Industry News

TransAlta Buys 55 Megawatt Peaker in New York

LCG, Jan. 25, 2001TransAlta Corp., a Calgary-based Canadian energy company, said this morning it has acquired a 55 megawatt natural gas-fueled power plant in Binghamton, N.Y., near the Pennsylvania border and south of the finger lakes.

TransAlta said it will own and operate 100 per cent of the facility, the company's first power plantacquisition in the New York state market. The company said it made the purchase through the Merchant Energy Group of the Americas, which will be responsible for commercial management.

Merchant Energy Group of the Americas was established in 1997 by Gener SA, a Chilean-based electric generator, and focuses on commercial management of power generation assets in the United States. TransAlta bought 50 percent of the group last June.

As to the Binghamton purchase, Steve Snyder, TransAlta's chief executive noted "This is TransAlta's first power plant purchase in the dynamic eastern US power market. It's another step in our goal to grow our generation by 1,000 megawatts per year."

Gary Hart, TransAlta's general manager for the Ontario area, said the company is "committed to using local services and maintaining jobs at the plant. The Binghamton peaking plant is an efficient, well-maintained facility with access to key energy markets."

Copyright © 2020 LCG Consulting. All rights reserved. Terms and Copyright
Generator X
Generation and Transmission Planning and Optimization
The Locational Marginal Price Model (LMP) Network Power Model
Day Ahead and Real Time Market Simulation
Day-ahead and real-time portfolio revenue optimization
The Gas Procurement and Competitive Analysis System
Database of Plants, Loads, Assets, Transmission...
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service