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

California Files New Complaint Against Power Companies

LCG, Mar. 21, 2002--California's Attorney General Bill Lockyer filed a complaint with the Federal Energy Regulatory Commission on Wednesday, alleging that generators had not responded to record-keeping rules regarding their rates.

In a prepared statement, Lockyer said, "by not filing their rates, either before of after the fact, wholesale power providers have managed to evade any meaningful rate regulation by FERC." The complaint said that generators had not filed quarterly explanations of their costs, and did not detail their rates with FERC when the state's Department of Water Resources made short-term purchases.

FERC received a complaint from Lockyer in 2001 asking for up to $9 billion in charges to be refunded. The agency has said that it will have a response to that complaint in August, and has signaled that any refunds would not match the full amount California is seeking.

Gary Ackerman, who represents the Western Power Trading Forum for generators and traders, said Lockyer's suit gives an inaccurate picture of the information generators were required by federal rules to report. "This has no basis in any federal legislation or statute. It's just not there," Ackerman told the Sacramento Bee.
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