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

Gradual Increase in Merchant Generation Proposed in Arizona

LCG, Sep. 30, 2002--The Arizona Corporation Commission, which regulates Arizona's utilities and power markets, put forth a plan last week suggesting that an increasing amount of power be supplied by long-term contracts bid by merchant suppliers and energy marketers to supply utilities' needs.

The percentage of utility Arizona Public Service's summer demand to be met by competitive bidding would be allowed to start at 30% next year, for a total of 1,951 megawatts. In addition, must-run power purchase agreements in areas with little surplus transmission could be privately negotiated.

According to an official with APS who was present at a hearing on Thursday, congestion on some transmission lines transmitting power from plants of Pinnacle West, the unregulated affiliate, would require that those plants be given top priority for such lines' use. Possible competitors of Pinnacle West disagreed with such a policy.

Price would be one of several criteria used in selecting bids, according to the ACC's plan. Other considerations cited were reliability, creditworthiness and system-wide benefits. By 2006, the ACC said, 2,898 megawatts of APS' capacity would be subject to competitive bid.
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