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

Ontario Reserves to Rise Slowly

LCG, Sep. 27, 2002--Ontario is expected to require significant imports of electric power for the rest of the current year as well as in 2003, due to continued outages at nuclear plants.

This conclusion concerning thin supply reserves was reached by the Ontario Independent Electricity Market Operator, which released its quarterly 18-month outlook early this week. The price of electricity rose significantly in the province during the summer, when high demand required a greater part of demand to be met with generation outside Ontario.

Of the two nuclear plants at which generators have been out for overhauls, four Pickering A units are thought to be returning to service at close to nine-month intervals. Each offers 515 megawatts. Ontario Power Generation owns the units as well as another group of reactors which is operational, Pickering B.

Two units at Bruce Power are expected to return to service by the summer of 2003, which would bring 1,700 megawatts online.
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