AWEA Issues Fourth Quarter 2019 Market Report

LCG, February 7, 2020--The American Wind Energy Association (AWEA) recently released its new U.S. Wind Industry Fourth Quarter 2019 Market Report. AWEA reports new wind turbine installations have added 5,476 MW of electric generating capacity during the fourth quarter, which results in 2019 installations totaling 9,143 MW. The total installations represent an increase over 2018, but the total for 2019 falls short of total annual installations for 2015 and 2016. In addition to new capacity additions, developers completed 2,500 MW of turbine repowerings for the year.

Read more

Duke Energy Florida Announces New Solar Power Projects

LCG, January 29, 2020--Duke Energy Florida (DEF) Monday announced the locations of its two newest solar power plants that will provide a combined installed capacity of nearly 150 MW. DEF is investing an estimated $1 billion to construct or acquire a total of 700 MW of cost-effective solar power facilities from 2018 through 2022 in Florida, and planning for another 1,500 MW of solar generation through 2028.

Read more

Industry News

TXU Streamlines Generation Portfolio in Texas

LCG, February 4, 2005--TXU Corp. announced it plans to sell or offer capacity through tolling arrangements a total of 6,214 MW of electric generating capacity in Texas. The capacity is available from older gas-fired, power plants. A subsidiary, TXU Power, issued a Request for Proposals (RFP) earlier this week and plans to complete the RFP process in the second quarter of 2005.

The units available for tolling arrangements are located at DeCordova, Permian Basin, and Morgan Creek Stations, with a combined capacity of 2,744 MW. Units available for either tolling or purchase are located at Collin, Trinidad, North Lake, Lake Creek, Eagle Mountain, Sweetwater and Valley Stations, with a combined capacity of 3,470 MW. TXU Power expects to satisfy its needs through the use of its remaining natural gas-fired plants, together with its nuclear and coal-fired generating fleet.

In January, TXU announced that it will stop operating nine, 65-MW, gas-fired combustion turbines installed at Permian Basin and DeCordova Stations. Last November, TXU announced it planned to mothball the units located at Valley, North Lake and Morgan Creek stations and estimated total annual savings to be approximately $20 million.

With the considerable quantity of new, efficient generating capacity installed in Texas over the past few years, a surplus of capacity exists now and older, less-efficient plants have limited value. In January, Texas Genco LLC also announced that it planned to retire nearly 3,800 MW of gas-fired generating units at six power plants in the vicinity of Houston. Of the generation to be retired, 2,567 MW of capacity had been previously mothballed. The units identified for closures are: P.H. Robinson, Cedar Bayou 3, T.H. Wharton 2, H.O. Clarke, Deepwater 7, and Webster. The age of these units ranges from roughly 30-50 years.

Copyright © 2020 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