EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

Offshore Wind Projects Receive Boost from Massachusetts and Biden Administration

LCG, March 31, 2021--The Governor of Massachusetts signed legislation last Friday that authorizes the state to direct utilities to purchase an additional 2,400 MW of offshore wind energy by 2027.

Read more

NV Energy's Greenlink Nevada Transmission Project Approved by PUCN

LCG, March 25, 2021--The Public Utilities Commission of Nevada (PUCN) on Monday approved proceeding with NV Energy's Greenlink Nevada transmission and renewable energy initiative. NV Energy's planned investment in Greenlink is over $2.5 billion.

Read more

Industry News

New York Faces California-like Power Crunch

LCG, March 15, 2001--The New York Independent System Operator said yesterday that 8,600 megawatts of new power plant capacity must be constructed in the Empire State by 2005 or the state will face the same kinds of problems that have disrupted California's electricity industry.

The new generation would be a 25 percent increase over what currently exists, and about half of it would need to be built in the New York City area. Without the new generation, New Yorkers will face higher power prices and the possibility of blackouts.

"We really are at a crossroads with respect to reliability of the system and the viability of the wholesale market," said William Muesler, New York ISO chief executive. From 1995 to 2000, statewide demand rose by 2,700 megawatts, while less than 1,000 megawatts of new generation was added.

Like California, New York imports much of its power from neighboring states, and that resource is dwindling as those states experience growth. Also, between a third and half of the power consumed in New York is purchased on the spot market through its daily or day-ahead auctions. That's not as bad as California, where the electric restructuring law required all power to be bought and sold on the spot market, but it exposes New York to the effects of short-term supply and demand.

A spokesman for Consolidated Edison Co. of New York said the company agrees with the ISO's assessment. "Supplies are tight. We're hoping we'll be okay this summer, but we're in trouble next summer if nothing gets built."

A program to build 10 small combustion turbine plants in New York City is meeting with neighborhood opposition.

Copyright © 2021 LCG Consulting. All rights reserved. Terms and Copyright
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
Generator X
Generation and Transmission Planning and Optimization
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
MarketVision
Daily LMP Forecast for ERCOT
MarketWatch
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service