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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

Washington Legislature Passes Energy Measure

LCG, April 23, 2001The Washington state legislature of Friday passed an energy bill aimed at easing the state's looming energy crisis after Democrats dropped efforts to tack on requirements for more use of wind and solar power.

Gov. Gary Locke is expected to sign the measure, which would make development of new power projects easier, among other things. Washington is experiencing its own energy crunch as a result of a persistent drought that has left the regions hydroelectric facilities producing power at little more than half their usual capacity for this time of year.

Rep. Larry Crouse, a Spokane Republican who is co-chairman of the House Energy Committee, said, "Both sides feel they won and that means a good bill."

The legislation seemed stalled when Democrats insisted on requirements that would force utilities to purchase a proportion of their power from renewable sources. "That didn't do anything but put extra burdens and regulation on utilities, which would have driven the costs up," Crouse said.

Another provision of the bill requires government offices to improve energy efficiency and conservation. The measure also provide $5 million over two years in additional assistance for low-income customers in Washington.

Crouse said benefits to ratepayers are "a year or two away," and said rain would help relieve high electricity costs more than anything, right now.

"The bill definitely reflects a compromise and it would have been stronger with a (renewables) portfolio component," said Seattle Democrat Rep. Erik Poulsen, Crouse's co-chairman of the Energy Committee. "Everything in this package reflects the goals and values that we were pushing for. I don't feel like we've given away the farm, but it won't fully protect people from the insane market prices."

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Day-ahead and real-time portfolio revenue optimization
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Generation and Transmission Planning and Optimization
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The Gas Procurement and Competitive Analysis System
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Annual summary of prices, congestion and important events in ERCOT
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