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

Construction Begins on 2,300 Megawatt Arizona Plant

LCG, May 24, 2001--TECO Power Services Corp. and Panda Energy International Inc. announced jointly this morning that they have begun initial construction and site preparation work on their 2,300 megawatt Gila River power station in Gila Bend, Ariz.

The big plant will be brought on line in four phases, the joint venture said, without revealing the size or timing of the phases. The companies did say that the natural gas-fueled plant would begin commercial operation in the summer of 2003.

Michael Schuyler, a TECO official, said the facility "will be one of the largest facilities in our generating portfolio. We look forward to providing needed energy to the fast-growing region of thecountry it will serve."

The companies said power from Gila River will be sold into the Arizona wholesale electricity market with excess output available to wholesale customers in California, Nevada and New Mexico.

TECO Power Services is an affiliate of Florida utility Tampa Electric Co.

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