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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

Canadian Stance on Kyoto Still Unclear in Alberta

LCG, Sep. 6, 2002--The Canadian national government's negotiators on the Kyoto climate change treaty are exploring some policy approaches which may have far-reaching impacts in Alberta, the Canadian province with great economic dependence on fossil fuel production.

The Alberta premier, Ralph Klein, has stressed that measures aimed at reducing national emissions to six percent below levels in 1990 would have a strongly negative impact for his province. The strong willingness of prime minister Jean Chretien to sign the Kyoto treaty has recently been linked to Canadian negotiators' stressing national gas sales to the United States as a way to receive credits for reductions. If accepted, such credits could leave 170 out of a total of 240 megatons in Canadian reductions to be achieved in other ways.

Alberta would like implementation to proceed at roughly half the speed now being discussed internationally, with the targets currently envisioned by Europe set for 2012. Klein says that details of the negotiations, particularly arrangements concerning credits, have not reached him.

"We don't know to what extent it will be applied to natural gas. We don't know to what extent it will be applied, if at all, to the development of clean coal technology and the development of electricity. We don't know to what extent it will be applied to the oil industry and the export of oil from this country and this province in particular," Klein told the Edmonton Journal.
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