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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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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

FERC to Protect Electricity Information

LCG, September 5, 2002--The Federal Energy Regulatory Commission is considering altering regulations to protect energy infrastructure information from being used by terrorists.

While many are calling for greater transparency in the wholesale electricity market, FERC may change its policy over electricity-related information that might otherwise fall into the hands of those interested in harming the system. Under the new proposal, critical energy infrastructure data, or CEII, would be strictly controlled, and those interested in accessing this information would be required to submit applications including statements of purpose and nondisclosure agreements.

Data that is available already by simple observation, such as the location of electricity and gas lines, would not be subject to the stricter guidelines, while specific facility equipment, transmission data, and production information may become regulated.

FERC will consider public opinion for a period of 30 days before proceeding with more definite plans.

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