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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

Connecticut Representatives Want Delay of SMD

LCG, Feb. 26, 2003--The Federal Energy Regulatory Commission has sought to block a petition brought by Connecticut Attorney General Richard Blumenthal that requests a stay of implementation of the agency's Standard Market Design (SMD).

Both U.S. Senators and nearly all House Representatives from Connecticut, which suffers from significant local transmission congestion, have also requested a study of the impacts of having customers in congested areas pay for more of the cost of transmission infrastructure improvements that benefit them. Until such a study has been done, Democratic Sens. Christopher Dodd and Joseph Lieberman would like FERC to wait to begin Standard Market Design. FERC is now due to complete a report on likely effects in April, but has plans to begin SMD in Connecticut this Saturday.

FERC believes that locational marginal pricing will encourage investment in areas where it is most needed, by setting up eight zones through New England, each of which will have its own power price. The lowest prices should occur in zones with the most adequate transmission network. The additional costs the Connecticut Department of Public Utility Control has projected for Connecticut, and which were obtained from FERC documents by the Connecticut Post, range from $125 million to $375 million per year.

The New England Independent System Operator is basing implementation of SMD on FERC orders, and its leadership believes the rules will address outstanding transmission problems. The FERC hopes not to have to delay SMD while it completes a review of the contents of the attorney general's petition, and filed its motion for dismissal with the U.S Court of Appeals for the District of Columbia circuit.
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