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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

Philadelphia Utility Customers Must Be Given to Competing Suppliers

LCG, Feb. 7, 2003--The Pennsylvania Public Utilities Commission is following through on a late-1990's restructuring requirement agreed to by utility PECO Energy, to see that alternative power suppliers acquire a minimum percentage of the commercial electricity market in and around Philadelphia.

PECO will need to see that at least 50 percent of its customers are assigned to alternative suppliers, given that 7.7 percent of commercial power customers have switched suppliers thus far. One commissioner out of the five-member panel dissented in the vote to approve the plan. The alternative suppliers are to begin serving their new customers on May 1.

Customers who wish to remain with PECO as power supplier will be able to opt out of the program. All of the approximately 152,500 commercial users will receive their bill through PECO. Alternative suppliers may bid to serve blocks of customer accounts, with each block serving 1,000 customers. Renewable energy bids will be allowed for 500 accounts per block. Only the regular, non-renewable bids will be required to be 0.25 below PECO's "price to compare". Bids will have to be submitted by Feb. 21, following the distribution of bidding rules to suppliers Feb. 17. A similar program is planned for residential customer accounts.
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