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EIA Publishes Study on High Renewables Growth Impact in WECC Markets using UPLAN

LCG, July 19, 2024 – A working paper published by the U.S. Energy Information Administration (EIA) utilized the UPLAN model to study the impact of high renewables growth in the Western Electric Coordinating Council (WECC) markets.

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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

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Industry News

Additional Rate Increase Possible from BPA

LCG, Jan. 31, 2003--Despite rate increases scheduled to reach 50 percent within months, the Bonneville Power Administration, the federal agency that has historically been a provider of inexpensive power in the Northwest, is projected to impose additional surcharges because of low liquidity and poor hydro conditions.

The administrator Steven Wright is expected to announce a rate increase as early as next week. Last year, rate reductions (less significant increases) had been seen as a possibility.

The agency's budget deficit is approaching $1.5 billion, with cash reserves having fallen $613 million during the past two years. The BPA will continue to pay investor-owned utilities $1.4 billion through 2006 rather than deliver power they were due, and buys power it cannot produce itself through long-term contracts, at a cost above current market prices. Due to shortfalls in output by hydropower generation, revenue has been reduced by $250 million.

The long-term power supply contracts BPA entered as a buyer during 2000, when many customers looked to buy from BPA under their own long-term contracts, were not priced as high as they could have been, considering the spot market at that time. The BPA's inability to deliver power to large utilities, however, means that those utilities can use the money BPA pays them to keep rates low, while BPA's rates have climbed.
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