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

Proposed Coal Plant in Montana Deferred

LCG, December February 4, 2009--Southern Montana Electric (SME)announced Monday that it will defer the development of the 250-MW, Highwood Generating Station. The coal-fired project was planned to have been built near Great Falls.

SME now plans to install a 120-MW, gas-fired electric generating facility, together with over 6 MW of generating capacity driven by wind power. The initial, 80-MW phase of the gas-fired facility is scheduled to be operational toward the end of 2011, with an additional 40-MW of capacity coming on-line within the next 12 months.

SME's deferral of the coal-fired power plant resulted from a variety of factors, including: legal challenges, regulatory uncertainty with respect to carbon emissions and related global warming concerns, and hurdles associated with financing the project, which has grown to an estimated cost of $900 million.
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