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.

Read more

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.

Read more

Industry News

PG&E Unit Buys 16,000 Megawatts of Turbines

LCG, Sept. 12, 2000The National Energy Group unit of PG&E Corp. said yesterday it had signed contracts with manufacturers for 50 turbines representing about 16,000 megawatts of electric generation.

The PG&E unit will buy 23 turbines from GE Power Systems, 21 from Mitsubishi Heavy Industries and six from Siemens Westinghouse. The company said the turbines would be used around the U.S. in new power plant projects. Delivery of the turbines is scheduled through 2004.

"These purchase agreements indicate our dedication to our overall growth strategy," said ThomasG. Boren president and chief executive officer of PG&E National Energy Group. "With a substantialturbine procurement program, our commitments to satisfying regional energy needs and meeting ourdevelopment goals are well underway."

Boren said the company was "greatly diversifying" its presence around the U.S. "As we strengthen our foothold nationally with projects to meet critical market needs, we achieve a three-way win: value for our shareholders, confidence for our customers, and reliability for consumers," he said.

Copyright © 2019 LCG Consulting. All rights reserved. Terms and Copyright
Generator X
Generation and Transmission Planning and Optimization
The Locational Marginal Price Model (LMP) Network Power Model
Day Ahead and Real Time Market Simulation
Day-ahead and real-time portfolio revenue optimization
The Gas Procurement and Competitive Analysis System
Database of Plants, Loads, Assets, Transmission...
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service