EIA Publishes Study on High Renewables Growth Impact in WECC Markets using UPLAN

LCG, July 19, 2024 – A working paper published by the U.S. Energy Information Administration (EIA) utilized the UPLAN model to study the impact of high renewables growth in the Western Electric Coordinating Council (WECC) markets.

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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

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Industry News

TXU Assesses Impact of UK Green Energy Regulations

LCG, Feb. 14, 2002--TXU Europe estimates that the first year of a UK plan to increase renewable generation as a percentage of overall electric power supplies will raise its costs by 20 million pounds ($28.56 million).

The government issued a plan on Thursday that would require power sellers to obtain three percent of their sales from renewable sources. Ashley Turner, the company's sustainable energy portfolio manager, said that increased costs would be added to customer bills to some extent, but that efforts would be made to limit such increases. As to how much of the requirement TXU Europe will meet through its own generation assets, Turner said, "we are expecting to cover about 50 percent (of the obligation) so our buy-out cost would be roughly halved."

TXU's renewable generation quota would amount to roughly 1.6 terawatt hours. The company would pay 42 million pounds ($60 million) in penalties if it sold no renewable power whatsoever. By 2011, the government's plan would require companies to supply 10.4 percent of sales from renewables.

The company plans to aid green power developers in financing projects, but will not be a developer itself. It will utilize internal risk-management expertise to manage price risk from wind farm installations, which do not generate consistently at a given output level.
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