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

UK Threatens Tighter Control over Generators

LCG, July 18, 2001Britain's new Minister of Energy, Brian Wilson, says he will "listen carefully" to requests by Callum McCarthy, head of the government's Office of Gas and Electricity Markets, to reintroduce a "good behavior" clause in the operating licenses for power plant owners.

Wilson spent part of last week in California, the world's fifth-ranked economy, just behind that of the United Kingdom, learning first-hand about out-of-control power prices, power shortages, rolling blackouts, and possibly political rhetoric.

McCarthy has said he is concerned that the so-called "new electricity trading arrangements" introduced in March will not prevent power plant owners from market abuse. His good behavior clause was thrown out by the competition earlier this year after objections by the companies owning generating stations.

Wilson pointed out that six years ago California had a surplus of electricity capacity similar to that currently enjoyed by England and Wales, but it vanished seemingly overnight. He does not see that happening in the UK, but does see a need for a balanced portfolio as natural gas-fueled generation makes inroads into an industry dominated by coal.

Gas fired generation, which has risen from virtually nothing 10 years ago to supply more than 30 per cent of the country's power needs, is still growing rapidly. Alarm bells have been triggered by a doubling of wholesale gas prices since 1999, the Financial Times observed this morning.

The expectation that most nuclear power stations will close in the next 20 years worries the minister. He stresses no decision has been taken on replacing nuclear capacity but says: "It would be lemming-like to allow nuclear to fade away without pointing out that we rely on it for 25 per cent of our power."

Possibly the only member of Britain's ruling Labour Party who favors nuclear power plants, Wilson is yet to be convinced that renewable energy generation could completely replace atomic plants, but acknowledges that Britain needs to do much more to boost green power, the Financial Times said.

"If we are going to make a serious stab at renewables there has to be some give and take from environmentalists," he said.

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