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

California ISO Seeks Plan to Attract Imports

LCG, Apr. 12, 2002--A meeting of the California Independent System Operator and Northwest utilities and wholesale power marketers sought yesterday to make further progress on an effective means to solicit bids from power suppliers out-of-state.

The ISO informed the Federal Energy Regulatory Commission this week that imports are less than 1 percent of overall supplies required to meet summer demand, down from 27 to 30 percent. The change is attributed to a February order by the FERC commonly known as "zero dollar bid," because the price received by out-of-state suppliers depends entirely on the market price results determined within California. Northwest utilities and potential exporters in Canada's British Columbia have said that they are unfairly made to accept risk because of the order.

Out-of-state producers do not necessarily have to be able to set the market-clearing price in order to have fair bidding opportunities, the ISO has told FERC. The "zero dollar bid" rule was instituted in order to end "megawatt laundering," the alleged practice of California generators selling to out-of-state traders or generators who could resell the same energy as an import to California at a higher price.
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