EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

Connecticut Seeks 2,000 MW of Offshore Wind Capacity

LCG, August 22, 2019--The Connecticut Department of Energy and Environmental Protection (DEEP) on Friday released a request for proposals (RFP) for offshore wind power projects. DEEP is seeking up to 2,000 MW, as required under Public Act 19-71, An Act Concerning the Procurement of Energy Derived from Offshore Wind.

Read more

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

Industry News

Energy Market May Lead to Mothballing of 16 AEP Texas Plants

LCG, September 12, 2002-American Electric Power, or AEP, may mothball as many as 16 of its Texas power plants in order to ease its financial situation.

The plants, all of which are gas-fired, are located within the Electric Reliability Council of Texas (ERCOT). ERCOT will determine which plants are RMR, or "reliability must run," and the remaining, less-than-vital plants will be pulled off line by the end of this year.

AEP officials say the mothballing is in response to deregulation-related growth in the Texas power industry, which has pushed wholesale electricity prices below AEP production costs. Plant employees affected by mothballing will reportedly assume inactive status and receive severance pay.

The sixteen plants in question, representing some 2,663 megawatts of capacity, are Abilene, B.M. Davis, E.S. Joslin, Fort Phantom, Fort Stockton, J.L. Bates, La Palma, Lake Pauline, Laredo, Lon C. Hill, Nueces Bay, Oak Creek, Paint Creek, Rio Pecos, San Angelo, and Victoria.

Copyright © 2019 LCG Consulting. All rights reserved. Terms and Copyright
Generator X
Generation and Transmission Planning and Optimization
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
PowerMax
Day-ahead and real-time portfolio revenue optimization
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
MarketWatch
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service