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

Power Plant Emission Control Could Be Made Voluntary

LCG, March 19, 2002-In documents submitted to the White House Office of Management and Budget, the Environmental Protection Agency (EPA) proposed allowing utilities to voluntarily cut emissions at coal-fired plants.

In a reverse of the Clinton administration's policy of legal action against slow-acting plants, the EPA would not pursue utilities that do not invest in expensive equipment designed to limit emissions.

Instead, the EPA intends to encourage utilities to freely initiate the prevention of excessive air pollution. According to some sources, including the Washington Post, the administration may seek to add more demanding legislation.

The plan also included a "clean-unit exemption," which would give a 15-year break to those plants that have made improvements over the past 15 years.

Many utilities found the old rules unfair and said compliance would require billions of dollars worth of new investment. Environmental groups charge that the EPA's plan is part of a greater trend to minimize protection for land, air, and water, and would exacerbate the negative health affects related to emissions.

The Bush administration says nothing has been finalized yet.

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