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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

China Sets Pollution Standards, Promotes Wind Power

LCG, April 29, 2002-The Standing Committee of the 9th National People's Congress passed a new clean production law, and the State Economic and Trade Commission gave wind-generation a fifty percent tax break.

Recently China has made major efforts to reverse a history of environmental woe, which categorized nine of its cities in the top ten most air polluted cities worldwide. China's hasty economic growth has traditionally left environmental issues in the dust; clean production concepts were born in 1993 but more recently individual Chinese cities have attempted to limit coal dependency. Beijing has taken drastic measures, moving or eliminating much of its coal-dependent industry in anticipation of the 2008 Olympics.

The pending law will make governmental bodies more responsible for clean production in all aspects of industry. Equipment maintenance, energy production, product design, and processing technology will all be addressed, according to Chinese officials.

The bill contains three types of regulations: directive, compulsory, and voluntary requirements.

One aspect of the draft includes significant tax breaks for renewable energy. Wind energy will be provided at lower cost because taxes will be reduced by fifty percent in attempt to make wind generation more competitive with coal and hydropower. Until this legislation, wind received no special tax benefits over other generating facilities.

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