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

Amazon Expands Its Renewable Portfolio with Wind Project in North Carolina

LCG, July 14, 2015-Amazon yesterday announced plans to construct a wind farm in North Carolina to provide power to current and future Amazon Web Services (AWS) data centers. Iberdrola Renewables will build and operate the 208-MW wind project, Amazon Wind Farm US East. The project is scheduled to commence operations in December 2016.

Amazon has stated that it plans "to achieve 100 percent renewable energy usage for the global AWS infrastructure footprint" in the future, with a near-term goal of over 40 percent by the end of 2016. Amazon Wind Farm US East will be Amazon's largest wind farm.

Earlier this year, Amazon agreed to a 13-year power purchase agreement (PPA) from a 150-MW wind project located in Indiana that is scheduled to begin operations late this year. Amazon has also partnered with Community Energy Inc. to build and operate an 80-MW solar project, Amazon Solar Farm US East, in Virginia. The solar project is scheduled to begin commercial operations in October 2016.

The Vice President of Infrastructure at Amazon Web Services stated, "This agreement, and those previously in place, puts AWS on track to surpass our goal of 40 percent renewable energy globally by the end of 2016. We're far from being done. We'll continue pursuing projects that deliver clean energy to the various energy grids that serve AWS data centers, we'll continue working with our power providers to increase their renewable energy quotient, and we'll continue to strongly encourage our partners in government to extend the tax incentives that make it more viable for renewable projects to get off the ground."
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