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

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.

Read more

Industry News

Illinois Town's 29-MW Power Plant Under Construction

LCG, Aug. 6, 2003--Geneva, Illinois has received five reciprocating engines from Caterpillar Inc., and is beginning construction of a power plant expected to be operational by January 2004.

The completed plant will be owned and operated by the city, which will use power from the plant during times when demand is high. Mayor Kevin Burns said, "This new power plant will offer residents and businesses of our city a higher quality of life by providing reliable and more affordable power during extreme weather conditions." Geneva is 40 miles west of Chicago.

According to Glen Barton, the chairman and CEO of Caterpillar, the sale of the G16CM34 gas-fired reciprocating engines marks the first such deal for the company. Patten Power Systems, the local dealer for Caterpillar, will provide support during the plant's operation.
Copyright © 2019 LCG Consulting. All rights reserved. Terms and Copyright
Generator X
Generation and Transmission Planning and Optimization
The Locational Marginal Price Model (LMP) Network Power Model
Day Ahead and Real Time Market Simulation
Day-ahead and real-time portfolio revenue optimization
The Gas Procurement and Competitive Analysis System
Database of Plants, Loads, Assets, Transmission...
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service