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Connecticut Seeks 2,000 MW of Offshore Wind Capacity

LCG, August 22, 2019--The Connecticut Department of Energy and Environmental Protection (DEEP) on Friday released a request for proposals (RFP) for offshore wind power projects. DEEP is seeking up to 2,000 MW, as required under Public Act 19-71, An Act Concerning the Procurement of Energy Derived from Offshore Wind.

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EIA Publishes Regional Electricity Supply and Pricing Forecasts Using UPLAN Model

LCG, August 13, 2019--The U.S. Energy Information Administration (EIA) announced that it is revising the presentation and modeling of its forecasts for electricity supply and market hub pricing to better reflect current electricity markets and system operations in the U.S. Beginning with the August 2019 Short-Term Energy Outlook (STEO), the new forecasting approach models electricity markets using the UPLAN production cost optimization software developed by LCG Consulting. EIA uses the solution results provided by this proprietary model to develop the STEO forecasts of monthly electricity generation, fuel consumption, and wholesale prices.

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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."

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