New York Poised to Close Last Coal-fire Power Plant

LCG, December 4, 2019--The last operating coal-fired power plant in New York is moving toward closure shortly. Last month, Somerset Operating Company, a subsidiary of Riesling Power LLC, submitted a request to the New York State Public Service Commission (NYSPSC) to waive the state's required, 180-day notice to close the Somerset Station, allowing the facility to be retired on February 15, 2020. Closure is contingent on approvals by both NYSPSC and the New York Independent System Operator (NYISO), which will evaluate if it will cause an adverse effect on grid reliability.

Read more

Construction Commences on Enel’s Aurora Wind Farm in North Dakota

Enel Green Power North America, Inc. (“EGPNA”), the US renewable energy company of the Enel Group, has started construction of the 299-MW Aurora Wind Farm in North Dakota.

Read more

Industry News

UK May Exempt Efficient Power Plants from Taxes

LCG, Nov. 19, 2001--The British Treasury is investigating whether it can overcome European Union rules on state aid so it can grant full exemption from its controversial climate change levy to energy efficient heat and power producers, the Financial Times reported yesterday.

The tax that would be removed would be that on electricity produced in cogeneration plants and sold in the open market through National Grid. That output is now taxed under the climate change levy but the government wants to double the output of cogenerators by 2010 as part of its efforts to reduce greenhouse gas emissions.

The Treasury has told cogeneration developers that full exemption from the tax would be likely to be classed as state aid needing EU approval. It said it is checking whether measures taken by other EU members to promote green energy developments might have created a precedent to allow further help for CHP developers.

Two British government agencies, the Department of Environment and Rural Affairs and the Department of Trade and Industry have been pressing Treasury to exclude all combined heat and power-generated electricity from the tax, the Financial Times said.

David Green director of the Combined Heat and Power Association said: "This is a critical decision. Full exemption will help build new confidence in the industry and prevent further job losses." A number of heat and power projects have recently been cancelled because of high gas prices, problems over new electricity trading arrangements and the climate change levy itself, the paper said.

Copyright © 2019 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