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

Russia will Finish Iranian Reactor

LCG, March 27, 2002-Russian Nuclear officals announce that Russia will complete an Iranian nuclear plant.

The U.S. government has repeatedly advised Russia to discontinue the project because it fears that nuclear power will give the Iranians an opportunity to develop nuclear weapons. However, the Russians have decided to go through with their 1995 contract and plan to complete the plant by 2005.

Russian Nuclear Energy Minister Alexander Rumyantsev insists there is no danger of nuclear weapons development because the plant will be inspected by the International Atomic Energy Agency and the technology involved could only be used in energy production.

He added that new laws passed last year permitted spent fuel to return to Russia. Nuclear fuel would also be provided to the Bushehr plant by Russia.

Russia recently reestablished nuclear fuel sales to the U.S. and has talked with North Korea regarding nuclear plant development.

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