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

Recovered Energy Generation Projects On-line in North Dakota

LCG, February 13, 2009--Ormat Technologies yesterday announced that two, 5.5 MW recovered energy generation projects recently achieved commercial operations at two compressor stations in North Dakota along the Northern Border Pipeline. Two more projects are scheduled to commence operations by year-end.

The compressor stations are driven by natural gas-fired turbines, and the Ormat heat recovery systems use heat exchangers to extract the energy from the gas turbine exhausts, which are at a temperature of 800-900 degrees F. The energy is used to vaporize a working fluid to drive a turbine in an Organic Rankine Cycle system designed by Ormat Technologies, rather than a traditional steam system using water as the working fluid.

The use of another working fluid not only enables the relatively low temperature exhausts to support the power generation system, but it eliminates the need for water. The design has zero or near zero emissions, and its fuel is the waste heat from the compressor station.

The electricity generated from the projects is under power purchase agreements with Basin Electric Power Cooperative (BEPC) of Bismarck, North Dakota.

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