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

Arizona Solar Project Delivers 250 MW to the Grid

LCG, September 19, 2012--First Solar, Inc. recently announced that the Agua Caliente solar project reached a peak electric generating capacity of 250 MW (AC) connected to the grid. The Arizona project is claimed to be the largest operating solar photovoltaic (PV) power plant in the world. The total project electric generating capacity will be 290 MW when it is completed in 2014.

First Solar designed and is constructing the project using its advanced thin-film PV modules and will operate and maintain the facility for owners NRG Energy and MidAmerican Solar. The power output will be delivered to Pacific Gas and Electric Company (PG&E) through a 25-year power purchase agreement (PPA).

Project construction began in the fall of 2010 and solar module installation began in June of 2011. Commercial operation commenced in January 2012, when it began generating 30 MW to the grid. The phased project reached 100 MW of output this spring and 200 MW this summer.

The Agua Caliente project is being financed with support from a loan guarantee from the U.S. Department of Energy's Loan Programs Office.
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