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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

Grid Operators in Northeast Work Together

LCG, March 15, 2002-The New York Independent System Operator (NYISO) and Pennsylvania- New Jersey- Maryland Interconnection LLC (PJM) agreed to combine efforts in facilitating power trade in the region.

On Wednesday the northeast operators announced their intent to improve market efficiency by coordinating regulations and resources. They plan to homogenize rules as well as allow for more leeway in decisions, such as which plants will supply a region's regular or emergency needs . Quarterly Reports would be given to the Federal Energy Regulatory Commission (FERC) and state public utility commissions.

If the agreement falls through then FERC may mediate further discussion.

As the nation's first regional transmission organization (RTO), PJM Interconnection controls the largest wholesale power market in the world. NYISO and PJM's combined markets affect supply about 41 million people with electricity in Pennsylvania, New Jersey, Maryland, Delaware, Virginia, Washington D.C, and New York.

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