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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

Read more

Industry News

CP&L Nukes Improve Output for 7th Straight Year

LCG, Jan. 8, 2001Carolina Power & Light Co. crowed on Friday that its nuclear power plants improved their performance in 2000 for the seventh straight year, pumping out nearly 46 percent of the company's total electric generation.

The overall capacity factor for the company's four reactors was an impressive 96.5 percent, against an industry average of 88.5 in 1999, the last year for which that yardstick has been calculated.

CP&L's 690 megawatt Robinson plant was a big help, achieving on its own a 104 percent capacity factor. Unit 2 at the 821 megawatt Brunswick clocked 99 percent and its sister turned in a 93.7 percent performance. The 900 megawatt Sharon Harris had a capacity factor of 91 percent. Both Harris and Brunswick Unit 1 were down nearly a month for refueling and maintenance.

Scotty Hinnant, CP&L senior vice president and chief nuclear officer pointed out how important good nuclear performance was for the utility. "Having safe, efficient and reliable performance from our nuclear plants has been an important factor in keeping CP&L customers' rates low," he said.

"Nuclear generation is emission-free, and it is our most cost-efficient source of electricity. When our plants run at high capacity, as they've done for seven straight years, we save on the cost of other types of power plant fuel. And that is a big part of the reason our customers pay less for electricity today than they did in 1990."

But don't ask him to do it again this year. Robinson and Brunswick Unit 2 are both scheduled for maintenance and refueling, as is Crystal River, the plant acquired in the merger with Florida Progress Corp.

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