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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

New York Demand Surges in Heat Wave

LCG, Apr. 19, 2002--Record-breaking temperatures in the New York City area caught utilities and the grid manager New York Independent System Operator off-guard yesterday as large commercial customers were asked to cut their power consumption in order to prevent blackouts.

On Thursday, Ken Kapp, spokesman at the NYISO, said, "we really weren't anticipating the load being this high because the temperatures were supposed to drop." New York City experienced highs of nearly 90 degrees Fahrenheit on Tuesday and 95 degrees Wednesday. The reserve margin of power generation was low, due to plants being taken off-line for maintenance, typically scheduled in anticipation of heavy summer demand. Consolidated Edison Co. of New York, Inc. said its plants were experiencing no unforeseen problems.

The ISO's requests on both Wednesday and Thursday for voluntary demand reductions may be a prelude to a summer of strained supplies. The grid operator issued a report last month that said new generators were critical "to avoid serious electricity shortages, improve air quality, facilitate economic growth and avert strong upward pressure on prices."

On Wednesday, the Long Island Power Authority experienced a reserve during peak usage of 300 megawatts.
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