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 Wants Brooklyn Plant Okay in Two Weeks

LCG, May 8, 2001Consolidated Edison Inc. said yesterday it had asked the New York State Department of Environmental Conservation to give it the go-ahead within two weeks to begin producing power at the Hudson Avenue Steam Station in Brooklyn.

As part of New York's electric restructuring program, utilities were required to sell off their generating assets, but the company's utility subsidiary, Consolidated Edison Co. of New York, simply quit producing power at the Hudson Avenue unit in 1997 and kept on making steam.

"We are not going to do anything different at the plant than we are doing now," said Con Edison spokesman Chris Olert. "We will burn the same amount of oil. We will make the same amount of emissions. The only change is that now we will also generate 60 megawatts of electricity as a bonus."

Neighborhood groups had objected to starting up the generator because of fears of additional pollution, fed by reports in local newspapers. "Those reports, which were wrong, helped delay the DEC's decision. We now expect to hear from them in another two weeks," Olert said.

Con Ed could have the plant churning out 60 megawatts of power in a week to 10 days after getting approval, Olert said. "All we're going to do is reconnect the electric generation equipment."

The Hudson Avenue Steam Station is located on the East River near the Manhattan Bridge which connects Flatbush with the lower end of Manhattan.

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