EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

Virginia Governor Signs Executive Order to Drive Renewable Energy Installations

LCG, September 18, 2019--The Governor of Virginia signed an Executive Order 43 yesterday setting statewide goals for clean energy deployment and expands upon the Commonwealth's commitments to reduce the environmental impact, mitigate the impacts of climate change, and boost the clean energy economy in Virginia.

Read more

Los Angeles Moves A Step Closer to Approving Huge Solar with Battery Storage Installation

LCG, September 12, 2019--The Los Angeles Department of Water and Power (LADWP) Board of Commissioners unanimously approved a plan on September 10 to install a 300-MW/1,200-MWh battery energy storage system (BESS) located at 8minute Solar Energy's (8mSE) Eland Solar and Storage Center.

Read more

Industry News

GE's Welch Warns India to Reform, Build Power Sector

LCG, Sept. 18, 2000India must build its electric generating capacity or it will be an also-ran in the technology age, even though it has one of the world's top software industries, Jack Welch, chief executive of General Electric Co. warned Indian businessmen gathered in New Delhi over the weekend.

In India for the opening of a GE research facility in Bangalore, Welch had plenty to say about both the woeful state of the country's electric sector and the high quality of its intellectual side, much of it in an interview with The Economic Times of New Delhi.

"India's going to have to wake up to their power needs," he said. If they don't they won't take advantage of the (technological) revolution." He scolded "Everyone thinks the Internet shows up here, on the computer, and it doesn't use power."

Welch believes that information technology is a wonderful new industry but, he noted, "The fact is, every basic bit of information uses electronics and if you don't have power, nothing happens." He noted that a hand-held computer uses as much energy as a refrigerator and pointed to problems in the U.S., the most developed country in the world, which is suffering from power shortages.

While Welch was disappointed in the growth of GE products in India over the past 12 years, he was ecstatic about Indian intellectual contributions to his company. "Our use of the intellect has outpaced my wildest dreams," he said. "Software development, design centers, building a brand new corporate laboratory in Bangalore which is the equal to what we have in New York."

India needs at present, according to most estimates, about 120,000 megawatts of generation. It has slightly less than 100,000 megawatts, but as little as two-thirds of that generation reaches a paying customer, the rest being stolen en route.

At the same time, populist electricity subsidies to farmers and to urban bureaucrats at every level have bankrupted state electricity boards. Foreign investors, who were eager to build power plants for the state electricity boards a few years ago, have departed because of the uncertainty of receiving payment for their power.

The electricity sector must be taken out of the hands of bureaucrats, according to Welch, or their will be problems more serious than a few brownouts. "You'll have power riots here," he said. "You desperately have to privatize the power industry. You've lost many people who came here to start power plants," leaving only a handful.

"India's going to be left behind with all the intellectual capital," Welch warned, if there's no power."

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