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

Britain Makes a Move to Standardize Market

LCG, April 15, 2002The British government will move on enacting the British Electricity Trading and Transmission Arrangements (BETTA), an attempt to open the whole British market so that conditions are equalized between England, Scotland, and Wales.

British Energy Brian Wilson is anticipated to propose energy market legislation which will give rise to a unified energy trading system.

When British energy was privatized eleven years ago, Scottish consumers paid about 7 percent less than their English counterparts because of their hydroelectric generators, but now Scottish prices are 9 percent higher than English prices.

BETTA is hoped to bring about 16 million worth of cuts to Scotland, as well as 35 million to the system as a whole. The plan will give Scottish generators better access to the British energy market.

Energywatch, a consumer watchdog group recently accused the industry of denying British consumers $575 million (400 million pounds) in possible rate cuts.

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