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Federal Government uses UPLAN model to examine price volatility in ERCOT

LCG, October 11, 2022--The U.S. Energy Information Administration, or EIA, released its latest supplement to the Short-Term Energy Outlook (STEO) in the Texas market, assessing various possible scenarios using LCG’s UPLAN NPM model, with a special focus on the effects on wholesale power prices and market conditions.

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Michigan Governor Supports Reopening Palisades Nuclear Facility

LCG, September 16, 2022--The Governor of Michigan last week sent a letter to the U.S. Department of Energy (DOE) in support of Holtec International’s application for a federal grant under the Civil Nuclear Credit (CNC) program to save the Palisades Nuclear Facility in Southwest Michigan. The federal grant could result in restarting the baseload, carbon-free, nuclear power plant.

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Industry News

Serb Energy Minister Quits As Power Crisis Grows

LCG, Dec. 29, 2000Serbian Energy Minister Srboljub Antic said yesterday that he would resign because he has been unable to alleviate a growing power crisis that has many householders doing without electricity up to 18 hours per day.

Antic told Belgrade Radio "Since I may not have done enough or I should take some responsibility for the energy situation, today I will submit my resignation from the post of the Serbian minister of energy."

Serbia, already short on electric generation resources, has seen it's power problems become acute as a result of a long dry spell which has reduced the flows in the Danube and Sava Rivers, cutting hydroelectric generation severely.

On Monday, Dragan Batalo, assistant general manager of national utility Elektroprivreda Srbije, said things had got so bad that institutions such as hospitals might no longer be exempted from the cuts. "It can even happen that consumers remain without power for an unplanned and unlimited time," he said.

Antic had been appointed energy minister on an interim basis in the transitional government that took over from the Socialists in Serbia, which is Yugoslavia's dominant republic, after Yugoslav president Slobodan Milosevic was ousted in October.

As the power crisis deepened, Serbia took to "borrowing" electricity from its neighbors, taking it illegally from the Balkan transmission grid to which several of Serbia's neighbors are connected. The new government concedes that the power must be repaid.

Ironically, Antic's resignation may come just as the power situation in Serbia improves. Recent rains should help with hydroelectric power and the country has worked out a deal with Gazprom of Russia for power plant fuel.

"The situation with the electricity is dramatically improving because of a heavy rainfall in the region. I expect the situation to significantly improve (Friday) and no power cuts on Saturday," Antic said.

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