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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

Dutch Fund Philippines Solar Project

LCG, April 18, 2002-The Netherland's government will provide Philippine National Oil with a 250 million peso ($4.9 million) grant to set up 15,100 solar systems in Philippine homes.

According to Philippine National Oil president Thelmo Cunanan, solar systems will be located in 300 barangays, or rural areas, in an attempt to increase energy supply and provide greater reliability.

The Philippine Department of Energy, the National Electrification Administration, and Shell Renewables Philippines Corp. will also be involved with the project. Philippine National Oil (PNOC), Philippine Recycler's Inc., and Shell Renewables have also signed an agreement to collect and recycle batteries as part of the solar energy program. A new subsidiary of PNOC, New and Renewable Energy Sources, will supervise the implementation of the grant.

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