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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

Canadian Clean Power Demonstration Plant Announced

LCG, March 11, 2002-Coal-fired electricity producers in Canada announced intentions to make a full-scale 'clean coal' demonstration power plant.

The Canadian Clean Power Coalition (CCPC) will develop and construct this plant in order to experiment with clean coal technology that might be applied to pre-existing coal plants. The CCPC seeks to eliminate environmentally-damaging emissions, including carbon dioxide.

The Canadian Coalition represents companies who together produce over ninety percent of all coal-fired electricity in Canada, including EPCOR, ATCO Power, Ontario Power Generation, SaskPower, Nova Scotia Power, Luscar, and TransAlta. CCPC spokesman and EPCOR president Don Lowry encourages others to join the project, "This is a huge endeavor; we're happy to speak with any organization, government or company interested in joining us."

Coal comprises one fifth of power generation in Canada, but in China, India, and the United States coal and coal-fired plants generate 81, 75, and 57 percent of power respectively.

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