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.

Read more

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.

Read more

Industry News

Con Ed to Fire Up 50-Year-Old Smoke-Belching Power Plant

LCG, May 2, 2001--Consolidated Edison Co. of New York plans to restart the most polluting power plant in the Big Apple, a small generator in Brooklyn, and state regulators, eager to increase the city's power supply, have tentatively agreed to let it resume operation without an environmental review, the New York Times reported this morning.

The plant, a long-idle unit of the Hudson Avenue Generating Station near the Brooklyn Navy Yard, was built 50 years ago and not only burns fuel oil, it burns the oil with equipment designed before a thought was given to pollution and emissions.

Restarting the unit reflects a tightrope that New York is walking in its attempt to avoid summer power blackouts like those that will surely affect California. "The reason that we want to restart the plant is the power situation in the city," said Peter Lanahan, vice president for environmental health and safety at Con Edison, citing warnings of possible power shortages this summer or next.

When demand for electricity rose last summer, electric bills surged, and state regulators have warned of more price spikes and possible blackouts and brownouts this summer. The new York Power Authority is installing 10 small, 44 megawatt generators in spots around New York City and another on Long Island, but has been fighting environmentalists' lawsuits all the way.

Those mini-plants are modern combustion turbines burning natural gas, and are among the cleanest generation equipment available. The Hudson Avenue unit can produce 60 megawatts of power and, according to federal and state data, produces more pollution, per pound of fuel burned or per megawatt-hour of power produced that any other power plant in New York City.

There will be lawsuits.

Copyright © 2019 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