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.

Read more

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.

Read more

Industry News

77 Maine Towns Face Higher Electricity Prices

LCG, Oct. 16, 2001--The cost of electricity for consumers in 77 towns of east-central Maine will increase by a half-cent per kilowatt-hour in March as the result of a rate hike by Eastern Maine Electric Cooperative, the Bangor Daily News reported yesterday.

The co-op said it was passing on to its 11,600 customers an increase in what it pays for power to WPS Energy Services, an affiliate of Wisconsin Public Service Co.

Aside from the rate increase, the co-op's service territory is in good shape, according to Doug Jones, president of Eastern Maine's board of directors. Unlike the power crisis that paralyzed parts of California earlier this year, eastern Maine has "an abundance of generation" to meet local demand, he said.

"Another problem in California, though, was that there was inadequate transmission-line access to power sources in other states," Jones said. "This highlighted a new importance for the transmission segment of the electricity industry as more states deregulate."

Jones told 200 people attending the co-op's annual meeting about two projects to enhance transmission in Maine. "The most immediate of these is the newly proposed 345 kilovolt line that Bangor Hydro-Electric wants to build from Orrington to New Brunswick," he said. The new line has the potential to encourage power plant development in nearby Canada, he pointed out. "Since those new power plants will be in (our) back yard," Jones said, "members may probably see lower supply prices in the long run."

There is also the Neptune Project, which is a plan to connect power sources in New Brunswick and Nova Scotia with the northeastern United States by way of an undersea transmission line. It also could prove beneficial to the co-op's customers, Jones said.

Treasurer Scott Skinner told members that when the co-op's delivery rates are compared with the other utilities whose service territories include rural areas, Eastern Maine's rates are the lowest of the four. The others are Bangor Hydro, Maine Public Service and Central Maine Power.

But still, customers in those 77 towns will see their electric rates rise by a half-cent per kilowatt-hour in March.

Copyright © 2023 LCG Consulting. All rights reserved. Terms and Copyright
The Locational Marginal Price Model (LMP) Network Power Model
Day Ahead and Real Time Market Simulation
Day-ahead and real-time portfolio revenue optimization
Generator X
Generation and Transmission Planning and 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