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

Brazil Suspends Gas Development

LCG, March 20, 2000- Plans to develop Brazil's natural gas importation have been suspended while the Brazilian government rethinks its energy production.

Brazil has been experiencing a severe energy shortage, rationing energy over the last nine months. Nine tenths of Brazil's electricity comes from hydroelectric plants, and drought has seriously limited energy generation.

The government had planned to expand gas imports from Bolivia to generate more energy but has decided to reevaluate its gas-fired energy needs first.

In October of 2001 international companies were allowed to apply to expand the pre-existing 30 million cubic meter pipeline.

Many foreign investors want access to the pipeline but are dismayed at the falling Brazilian currency, 16 percent last year over the dollar. In addition, Brazil's thermoelectric development has stagnated and only a few of the planned gas-fired plants have been built.

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