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

Citizens of Sri Lanka Experience Shrinking Power Cuts

LCG, April 22, 2002-Sri Lanka's Power and Energy Minister Karu Jayasuriya announced that daily power cuts will be decreased to only two hours.

Daytime power cuts will no longer occur, and evening power cuts will be reduced.

While Californian's complained about rolling blackouts in 2000 and 2001, Sri Lankans have endured more than five hours a day of blackouts.

The country relies on hydro-electric power, and drought last year proved severely detrimental to electricity production.

Jayasuriya asserted that full power will be restored by June, and a 900 MW coal-fired plant is being planned. The government has been encouraging renewable energy projects, hoping to limit dependence on hydroelectric and thermal power.

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