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Connecticut Seeks 2,000 MW of Offshore Wind Capacity

LCG, August 22, 2019--The Connecticut Department of Energy and Environmental Protection (DEEP) on Friday released a request for proposals (RFP) for offshore wind power projects. DEEP is seeking up to 2,000 MW, as required under Public Act 19-71, An Act Concerning the Procurement of Energy Derived from Offshore Wind.

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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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Industry News

South Korean Power Strike Continues

LCG, Mar. 28, 2002--According to Korea Electric Power Co. (KEPCO), South Korea's state-owned power company, approximately 35 percent of striking workers at numerous facilities, or 2,200 overall, have broken ranks with other unionized workers and returned to work.

The strike is in its 31st day, and government and management officials now say that only after the strike has been declared over by its leaders will they return to the negotiating table. The union has not accepted privatization, and was told last week that members would be fired Monday of this week if the strike were still in effect.
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