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

Calpine in New Mexico-California Gas Pipeline Project

LCG, May 3, 2001Fast-growing power producer Calpine Corp. and natural gas firm Kinder Morgan Energy Partners said yesterday they plan to build a new pipeline from New Mexico to California to feed power plants under development by Calpine and others.

The Sonoran Line would be developed in two phases, with the first phase extending from the San Juan Basin in the northwest corner of new Mexico to Southern California. This phase, a 36-inch line with a transport capacity of between 750 and 1,000 million cubic feet per day, is schedule for completion in the summer of 2003.

A second phase would extend the line to Northern California and boost the carrying capacity to 1,500 million cubic feet per day. Calpine has contracted for 400 million cubic feet of natural gas per day on the first phase and 500 million cubic feet per day on the second phase.

Kinder Morgan will conduct separate open seasons for each phase, seeking 20-year minimum commitments from shippers. Dates and other details of the open seasons were not disclosed.

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