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.

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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.

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Industry News

U.S. Wind Power Capacity Additions Decline in 2010

LCG, January 28, 2011--Wind electric generating capacity additions declined by nearly half from 2009 to 2010 in the U.S., according to new information released by the American Wind Energy Association (AWEA). Last year, a total of 5,115 MW of capacity was installed in the U.S., compared to 10,010 MW in 2009. AWEA now estimates the total installed wind capacity to be 40,180 MW.

The wind industry did finish 2010 on a strong note, as fourth quarter capacity additions totaled 3,195 MW and the federal government approved a one-year extension of Section 1603 of the American Recovery and Reinvestment Act of 2009 (ARRA), with its financial incentives for renewable energy projects.

Texas accounts for nearly 25% of the total installed wind power capacity in the U.S., with 10,085 MW of installed capacity. Iowa, California, Minnesota and Washington trail behind, with 3,675, 3,177, 2,192 and 2,105 MW of installed capacity, respectively. Significant new wind capacity was also added last year in Illinois (498 MW) and South Dakota (396 MW). All of these states have renewable portfolio standards or goals.

From a global perspective, China's installed capacity for wind power now exceeds the U.S., which had been the global leader. A recent report from the Chinese Renewable Energy Industries Association estimates 41,800 MW of total installed capacity now in China.

Looking back at 2010, another change of significance is the growth in offshore wind development, especially in Europe. The European Wind Energy Association (EWEA) recently released information that a total of 883 MW of new capacity was installed last year at nine wind farms in five countries, thereby increasing the European offshore total to 2,964 MW. As Texas leads the U.S., the United Kingdom leads Europe, with a total installed offshore wind capacity of 1,341 MW, or nearly half of the offshore capacity.

EWEA's Chief Executive, stated, "With over 50% percent market growth, 2010 sets a new record for European offshore wind energy. Meanwhile, the 29 new offshore turbine models announced during 2010 show a growing commitment to the offshore wind energy sector by large, global industrial players, offering a real boost for Europe?s economy, its efforts to tackle climate change, create green jobs and exports while reducing our dependence on imported fuel."
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