EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

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

Press Release

Wind Integration - DOE Project Promotes Collaborative Planning for Balancing Wind Variability across Regions



- Integrating SPP Wind Energy into SERC Electricity Markets

LCG, August 6, 2010 -- Department of Energy has awarded Electric Power Research Institute (EPRI) and LCG Consulting (LCG) a contract under the “20% Wind by 2030” challenge to explore innovative solutions for utility wind energy integration.

LCG will provide the key modeling support to analyze the benefits and costs of regional collaboration for integrating the Southwest Power Pool (SPP) wind energy into the Southeastern Electric Reliability Council (SERC) electricity markets.

“… through coordinating balancing operations between SPP and SERC, we expect the study will begin to quantify the value of integrating regional wind and transmission …,” says Sidart Deb, VP of Operations at LCG.

To determine the physical and financial benefit of inter-regional coordination between SPP and SERC, LCG will use the UPLAN Network Power Model and PLATO database to simulate the entire southeast region.

The results of the study shall answer key questions about the overall economics of building wind plants in SPP and sharing output with SERC to accommodate meet the upcoming federal renewable mandates and to control the variability and uncertainty of wind in availability in SPP.

About LCG Consulting:
With more than 25 years of experience, LCG Consulting is a pioneer and market leader in modeling the competitive energy market. LCG offers a full range of consulting services and specialized software products including the UPLAN Network Power Model and regional PLATO databases which are widely adopted for simulating electric systems.

Contact: Sidart Deb
LCG Consulting
650-962-9670
http://www.energyonline.com

Copyright © 2019 LCG Consulting. All rights reserved. Terms and Copyright
Generator X
Generation and Transmission Planning and Optimization
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
PowerMax
Day-ahead and real-time portfolio revenue optimization
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
MarketWatch
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service