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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.

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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.

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Industry News

Japanese Ministry Supports Retail Deregulation of Power

LCG, Apr. 4, 2002--Japan's Ministry of Economy, Trade and Industry today heard from an advisory panel that "full liberalization" of electric power markets was a goal that should be gradually implemented and embraced by regional utilities, beginning with granting all retail customers the ability to choose a supplier.

The ministry, or METI, also made clear that unbundling of generation and transmission was not desirable for reasons of reliability, a stance that received approval from power industry representatives. Deregulation in North American and the European Union has been strongly linked to unbundling of services once provided almost entirely by vertically integrated utilities. Nonetheless, the president of Tokyo Electric Power Co., Nobuya Minami, said of the Federation of Electric Power Companies that its members "would like to discuss positively toward (the realization of) full liberalization."

The creation of a marketplace for wholesale power trading open to both traditional utilities and independent power producers, and intended to broaden diversity of power sources and increase efficiency, is an area that will be discussed by the panel during regular meetings. There was reported to be no consensus as to whether there should be an obligatory power pooling system or two-way trading.

While industrial and commercial users representing about 30% of power demand have been allowed to shop for a new supplier since March 2000, only 0.46% of such retail sales that could potentially be taking place through a new supplier are being realized. New competitors providing power pay significant fees to utilities for transmission and power reserves.
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