Connecticut Seeks 2,000 MW of Offshore Wind Capacity

LCG, August 22, 2019--The Connecticut Department of Energy and Environmental Protection (DEEP) on Friday released a request for proposals (RFP) for offshore wind power projects. DEEP is seeking up to 2,000 MW, as required under Public Act 19-71, An Act Concerning the Procurement of Energy Derived from Offshore Wind.

Read more

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

Industry News

Congress Gets Fusion Research Legislation

LCG, May 10, 2001Legislation to accelerate research into fusion an as yet elusive means of producing nuclear power was introduced yesterday in the U.S. House of Representatives by Rep. Zoe Lofgren, a California Democrat.

"It is time for this country to move beyond caveman technology to the technology of the future, fusion technology," said Lofgren as she announced the legislation to reporters while posing in front of the Capitol Hill Power Plant, which burns coal, oil and natural gas.

Conventional nuclear power plants operate on the principle of fission, in which atoms are split by neutrons and, in a chain reaction, produce more neutrons to split more atoms. With fusion, atoms are welded together to produce power, and there is no high-level radioactive water.

The process has intrigued scientists for decades, but a power plant employing fusion is still more decades in the future, they say.

"We're still a long way away. Thirty years ago they used to say it would be 30 years, and they're still saying the same thing," said Robert Park, a physics professor at the University of Maryland. "We can fuse atoms every day, but the trick is when you produce more energy than it takes to get there."

Fusion research funds have decreased about 40 percent in the past decade, and Lofgren wants to reverse that. Her legislation, the Fusion Energy Sciences Act of 2001, seeks an increase of $72 million over the next two years. It would also require the energy secretary to submit a plan by July 2004 for the next major step in fusion energy, a burning-plasma experiment.

The fusion process should not be confused with so-called "cold fusion," a discredited theory that one reads about in the same magazines that carry articles on how your automobile can be made to run on water instead of gasoline.

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