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

New York Awards Solar PV Grants to 76 Projects for 2013

LCG, April 2, 2013--The Governor of New York announced Thursday that $46 million has been awarded under his NY-Sun initiative for large-scale solar photovoltaic (PV) energy projects, which will add 52 MW to New York's solar capacity.

The awards are the first of three rounds of the Competitive PV solicitation, an element of New York?s Renewable Portfolio Standard (RPS) program. Second round proposals have been received, and proposals for the third round are due August 29, 2013.

This first round of awards are to 28 recipients to finance 76 large-scale solar energy projects across the state that will be located at businesses, factories, municipal buildings and other larger commercial and industrial companies, with the intention that the power generated is used on-site, although surplus power may be delivered to the grid for a credit.

The projects are scheduled to commence operations by year-end. The $46 million grants from New York State will be supplemented by $100 million in private investment.

The NY-Sun Competitive PV Program provides incentives for PV systems larger than 50 kW and is administered by the New York State Energy Research and Development Authority (NYSERDA). Funding per project is capped at $3 million, and all projects require co-funding.

Last year, the combined efforts of NYSERDA, New York Power Authority (NYPA) and Long Island Power Authority (LIPA) led to the installation of more than 58 MW of PV in the New York. Now, with the planned addition of 52 MW this year, a total of 242 MW of PV has been installed or is under development as part of NY-Sun.
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