AWEA Issues Fourth Quarter 2019 Market Report

LCG, February 7, 2020--The American Wind Energy Association (AWEA) recently released its new U.S. Wind Industry Fourth Quarter 2019 Market Report. AWEA reports new wind turbine installations have added 5,476 MW of electric generating capacity during the fourth quarter, which results in 2019 installations totaling 9,143 MW. The total installations represent an increase over 2018, but the total for 2019 falls short of total annual installations for 2015 and 2016. In addition to new capacity additions, developers completed 2,500 MW of turbine repowerings for the year.

Read more

Duke Energy Florida Announces New Solar Power Projects

LCG, January 29, 2020--Duke Energy Florida (DEF) Monday announced the locations of its two newest solar power plants that will provide a combined installed capacity of nearly 150 MW. DEF is investing an estimated $1 billion to construct or acquire a total of 700 MW of cost-effective solar power facilities from 2018 through 2022 in Florida, and planning for another 1,500 MW of solar generation through 2028.

Read more

Industry News

Virginians Leery about Dereg, Expect Crisis

LCG, July 17, 2001According to a survey released yesterday by the Virginia State Corporation Commission, more that 60 percent of Virginians believe the electricity supply and price problems plaguing California are likely to occur in the Old Dominion, the Hampton Roads Daily Press reported this morning.

The state commission hired the New Haven, Conn.-based Center for Research and Public Policy to conduct the survey of 1,000 customers throughout the state, the paper said.

The state is opening its electricity market to competition in two phases, with customers in Northern Virginia being allowed to choose alternative energy providers beginning next January 1. Customer choice will follow for the southern part of the state a year later.

Only a quarter of Virginians are aware of the state's deregulation of its energy industry and less than a quarter are "very supportive" of the concept of shopping for an electricity supplier, the survey found, although 43 percent were "somewhat supportive." Nine percent of respondents said they had decided against switching to another supplier, while 84 percent wanted more information before making a decision.

"There are few people who said they made up their minds," said Andy Farmer, the commission's education resources manager. "We recognize that this is very early in the game."

The perception held by Virginians of California's energy problems was oddly mixed. While fewer than half of respondents knew that California had "deregulated" its electricity market, 82 percent had heard, read or seen that there were problems out West, and 62 percent expected the same problems to hit Virginia.

Farmer, who tours Virginia talking about the future of the state's electric industry, said one of the first questions that greets him is "What's going on in California?" People want to know about the problems California has faced -- soaring prices for electricity at the wholesale level, bankrupt utilities and rolling blackouts -- and the reasons they have happened.

The survey was the first of 10 the commission will conduct over five years as part of a $30 million public education and awareness campaign aimed at making Virginia consumers aware that the state plans to deregulate its energy markets and that they will have a choice of suppliers of electricity and natural gas.

So far, the results show that Farmer's work is cut out for him. For example, more than 90 percent of Virginians have no idea of the current rate they pay for electricity each month. But 88 percent said they knew they needed to have that information to compare with other suppliers before they could shop for electricity.

"Some people think they pay $10 a kilowatt-hour for electricity," commission spokesman Ken Schrad told the Daily Press. "They don't have a clue what they pay for electricity."

Copyright © 2020 LCG Consulting. All rights reserved. Terms and Copyright
Generator X
Generation and Transmission Planning and Optimization
The Locational Marginal Price Model (LMP) Network Power Model
Day Ahead and Real Time Market Simulation
Day-ahead and real-time portfolio revenue optimization
The Gas Procurement and Competitive Analysis System
Database of Plants, Loads, Assets, Transmission...
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service