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

Energy East Files for RTO

LCG, March 14, 2002-Yesterday the Energy East Corporation called on the Federal Energy Regulatory Commission (FERC) to create a Regional Transmission Organization (RTO) responsible for areas served by PJM Interconnection, LLC, ISO-New England, and the New York Independent System Operator (NYISO).

Subsidiaries of Energy East came together to encourage FERC to follow through with the July 2001 order to create an RTO that would regulate the three ISO's. The companies insist that the new RTO would allow for a more reliable and competitive market. Senior Vice President of Energy East Denis Wickham insisted, "A three-region RTO is a tremendous opportunity to provide consumers benefitsWith FERC's leadership, interested parties need to focus on the benefits of a larger RTO and the transitional tools needed to eliminate the concerns about short-term winners and losers. We are convinced that consumers in the Northeast will ultimately benefit from lower costs, enhanced competition and increased reliability with a PJM-New York-New England RTO."

Energy East wants to avoid the formation of a smaller New York, New Jersey RTO, saying that a smaller RTO might be risky and could not provide the same benefit to customers as the proposed Northeast RTO.

The creation of an RTO in the Northeast would shift control from individual states to the federal government.

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