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

Bush to Order End to Barriers Preventing Energy Growth

LCG, May 17, 2001President Bush will order federal agencies to scrap bureaucratic obstacles to development of gas, coal and nuclear power plants and propose opening federal lands to oil and gas exploration when he delivers his administration energy policy in St. Paul, Minn. today.

The 163-page document, which the president will describe in a speech at a power plant, will be simultaneously released by the White House, but elements of the plan were made public yesterday.

The energy policy, developed under the leadership of Vice President Dick Cheney, will also offer about $10 billion worth of tax credits over the next 10 years to encourage energy conservation, the use of renewable sources of power and the development of alternative-fuel automobiles.

The weight of the report seems to be to encourage rapid development of new electric power plants. "Recent and looming electricity blackouts in California demonstrate the problem of neglecting energy supply," said a portion of the report made available yesterday. "A fundamental imbalance between supply and demand defines out nation's energy crisis."

Bush will ask the Nuclear Regulatory Commission and other agencies to examine whether spent fuel from nuclear power plants can be reprocessed so that the radioactivity that makes it dangerous can be used to generate power. The technique, used in other nations, was abandoned in the U.S. over irrational fears that irresponsible processors would use the technology to produce weapons grade plutonium.

The president will also the Environmental Protection Agency to re-examine its position that conventional power plants undergoing maintenance need new air pollution permits. The EPA contends that utilities upgraded coal-fired plants in the Midwest without seeking permits, while the companies say they were simply keeping the old plants running. The Justice Department will review whether to continue EPA lawsuits over the issue.

Bush's plan will also recommend $2 billion be spent over 10 years on clean coal technology.

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