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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

ISO New England Sees Tight but Adequate Summer Power

LCG, April 25, 2001--ISO New England Inc., the operator of the region's bulk electric power grid, said yesterday there should be a sufficient supply of electricity to meet energy needs this summer but warned that extremely hot days or an extended heat wave could make things a little tight.

Stephen G. Whitley, the ISO's vice president for system operations, said New England should not have to face rolling blackouts. "New England does not face the supply problems that are at the root of thecrisis in California. Because of the addition of several new power plants throughout the New Englandregion over the past two years, the growth in supply is outpacing the growth in demand," he said.

With 1,000 megawatts of new electric generation added since June 2000, and another 1,600 megawatts expected to be on-line this summer, New England projects a net generating capacity of 28,100 megawatts this summer, more than enough to meet the forecast peak demand of 23,650 megawatts, the ISO said.

ISO New England said it will use two levels of public appeal when supplies get tight: Power Watch and Power Warning, a scheme modeled after the advisory system used by the National WeatherService.

A Power Watch is a request to all customers to voluntarily reduce electricity usage and is issued when the region's electricity supplies are expected to be tight. A Power Warning is a more urgent appeal, is issued when electricity supplies are expected to be extremely tight and there is a concern that electric companies may have to disconnect certain customers as a way of reducing demand on the power grid.

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