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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Press Release

LCG Releases ERCOT Electricity Market Outlook for 2013, 2014, 2015, 2016 and 2017

LCG, January 11, 2013 –LCG Consulting (LCG) of Los Altos, California has released the electricity market assessment and forecast of ERCOT operations for the years 2013, 2014, 2015, 2016 and 2017. These reports are based on ERCOT SSWG transmission topology and UPLAN simulations using ERCOT nodal protocol. Simulation results are also available for 2015 and 2017 using ERCOT Regional Planning Group’s transmission plan.

The extensive 2013 ERCOT Electricity Market Outlook report includes results of comprehensive hourly simulations of market operations as well as volatility simulations for Peaker Net Margin (PNM). The results from the extended simulations for the years 2014 through 2017 are based on most likely market conditions and are available in Excel format.

The reports include monthly forecasts of key metrics such as load zone and hub prices, ancillary service prices, top congested transmission lines, generation by fuel type, wind production and curtailment, and valuation of congestion revenue rights.

Customized details such as individual generator costs and revenues, hourly nodal prices (LMPs), transmission congestion, contingency, and other information of interest are available from the modeling results. These results can be used to assess capital investment opportunities and valuation of new and existing generation and transmission assets.

To purchase the 2013 Outlook or for information regarding custom reports or other market studies, please contact Julie Chien .

About LCG Consulting and UPLAN Models:
With over 30 years of experience in the industry, LCG’s expertise in modeling the ERCOT market is unparalleled. UPLAN, LCG’s comprehensive modeling system, has been proven to forecast market operations with a high degree of accuracy. It simulates power markets and operations to forecast the financial and physical operation of the entire grid.

Contact: Julie Chien
LCG Consulting

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