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

Fitchburg Gas Wants to Boost Winter Prices

LCG, Sept. 20, 2000Unitil Corp. said yesterday its Fitchburg Gas & Electric Light Co. subsidiary has asked Massachusetts regulators to approve a natural gas rate increase that would be in effect from November 1 until next April 30.

If approved, the rate hike will cost the typical householder a little more than $14 per month, Unitil said. The company said the reason for the increase is the rising cost of the natural gas commodity and that all classes of customers would be affected.

"In this period of rapidly escalating energy prices, FG&E is working hard to moderate increases inour customers' winter gas bills," said Unitil President Mike Dalton.

Unitil said gas rates are ordinarily adjusted every six months to reflect changes in the wholesale cost of the commodity. Changes are passed along to the consumer without markup, the company averred.

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