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

Enron to Build 215 Megawatt Colorado Plant

LCG, Sept. 21, 2000A subsidiary of Enron Corp. will build a $100 million, 215 megawatt power plant south of Colorado Springs, Colo. to sell electricity to the former Public Service Co. of Colorado, which wants to add generating capacity around the state, the Colorado Springs Gazette reported this morning.

Public Service Co. of Colorado is now Xcel Energy Inc., or a part thereof. It had become New Century Energies Inc. when it merged with Southwestern Public Service Co. Now that New Centuries has been folded into Northern States Power Co., it's Xcel. People in Colorado still think of it as Public Service Co.

Earlier this year, the Denver office of Xcel estimated that Colorado would need enough power for another 1.6 million households, on top of the 2.5 million already served by Public Service Co. The company put out a request for proposals asking for bids on 1,500 megawatts of new generation.

Enron North America Corp. successfully offered to build the four-turbine, 215 megawatt natural gas-fired plant near an existing substation six miles from Colorado Springs' municipal power plant, which is fueled by coal.

Wilexco Inc., an Englewood, Colo. company, was another successful bidder, and plans to build an 83 megawatt power plant not far from the Enron facility, if it can get the necessary permits. Getting permits for the Wilexco plant may not be easy because the fuel will be tires, like those Firestones that Ford dealers are throwing away.

Enron expects its plant to be operation by next June, according to Eric Thode, director of public relations for Enron North America. Output from the plant will be sold to Xcel on a 10-year contract, after which the facility could be run as a merchant plant if Colorado deregulates its electric industry and allows competition.

The plant is not being built with that in mind, according to Thode. "This plant is being built for the deal as it currently exists. This deal makes sense because this deal makes sense, period."

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