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

GRDA and TradeWinds Announce Agreements for Two Wind Farms in Oklahoma

LCG, March 28, 2014 - Grand River Dam Authority (GRDA) announced Tuesday that it has entered into 20-year power purchase agreements (PPAs) with TradeWind Energy, Inc. for the electricity generated from two wind farm projects in Oklahoma. The agreements were approved by the GRDA board of directors.

The two projects are the Mustang Run and Breckinridge Wind Projects. The combined generating capacity for the two projects is 234 MW. The Mustang Run Wind Project has a design capacity of 136 MW and will be developed on 16,000 acres in Osage County. The Breckinridge Wind Project has a design capacity of 98 MW and will be developed on approximately 10,000 acres in Garfield County.

GRDA is pursuing new generation resources to reduce dependence on coal and create a more diverse supply portfolio. "The addition of these wind projects will help bring the diversity we need," said GRDA's CEO. "The fuel options we will have in the future will continue to serve our customers well with reliability and affordability. We look forward to our partnership with TradeWind in this very important step toward our future."

Earlier this month, GRDA announced an agreement with Mitsubishi Hitachi Power Systems Americas (MHPSA) for MHPSA to supply GRDA with a 495-MW combined cycle natural gas facility that will utilize the J-Series gas turbine and be operational by March 2017. The new unit (GRDA Unit 3) will be located at the Grand River Energy Center (formerly GRDA Coal Fired Complex), about 56 kilometers east of Tulsa.
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