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News
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LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.
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LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.
Read more
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Industry News
Governor of Rhode Island Announces Legislation to Procure 600 MW of Offshore Wind
LCG, March 24, 2022--The Governor of Rhode Island yesterday announced that legislation has been introduced which would require a market-competitive procurement for approximately 600 MW of newly-developed offshore wind capacity. If enacted, Rhode Island’s primary utility company would be required to issue the procurement no later than August 15, 2022.
The proposed legislation is a step toward achieving the 2021 Act on Climate, which was signed by the Governor last April. The Act on Climate sets mandatory, enforceable climate emissions reduction goals that target net-zero, economy-wide emissions by 2050.
The Governor stated, “As home to the nation’s first offshore wind farm, Rhode Island is a pioneer in the blue economy. Offshore wind represents one of the best opportunities for Rhode Island to scale up its clean energy resources in order to meet our greenhouse gas emissions reduction goals. Expanding our offshore wind resources will further our state’s position as the North American hub for industry activity, attracting new investment and job growth opportunities across the green economy.”
North America’s first commercial offshore wind farm, the 30-MW Block Island wind farm, is offshore Rhode Island and began operations in late 2016. In 2019, the Rhode Island Public Utilities Commission (PUC) approved the 400 MW Revolution Wind offshore project.
The additional 600 MW of offshore wind sought in the newly proposed legislation would further expand the state’s clean energy portfolio, with estimates that the additional offshore wind capacity would have the potential to meet 30 percent of Rhode Island’s estimated 2030 electricity demand. If the energy generated includes the 30 MW Block Island Wind farm and the planned 400 MW Revolution Wind project, offshore wind would cover 50 percent of the state’s projected energy needs.
The Governor’s proposed legislation (S-2583 and H-7971) would also require offshore wind developers to provide information on potential environmental impacts through the submittal of an environmental and fisheries mitigation plan; estimates of local economic benefits; a diversity, equity and inclusion plan; and a plan outlining the bidder’s intentions with respect to the negotiation of a project labor agreement(s) to cover construction activities.
Any proposed offshore wind contract would require review by the Office of Energy Resources, the Department of Environmental Management, and Rhode Island Commerce in the form of agency advisory opinions. Such contracts would also have to be filed with the Public Utilities Commission for review and approval, including opportunities for public comment.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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