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Connecticut Seeks 2,000 MW of Offshore Wind Capacity

LCG, August 22, 2019--The Connecticut Department of Energy and Environmental Protection (DEEP) on Friday released a request for proposals (RFP) for offshore wind power projects. DEEP is seeking up to 2,000 MW, as required under Public Act 19-71, An Act Concerning the Procurement of Energy Derived from Offshore Wind.

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EIA Publishes Regional Electricity Supply and Pricing Forecasts Using UPLAN Model

LCG, August 13, 2019--The U.S. Energy Information Administration (EIA) announced that it is revising the presentation and modeling of its forecasts for electricity supply and market hub pricing to better reflect current electricity markets and system operations in the U.S. Beginning with the August 2019 Short-Term Energy Outlook (STEO), the new forecasting approach models electricity markets using the UPLAN production cost optimization software developed by LCG Consulting. EIA uses the solution results provided by this proprietary model to develop the STEO forecasts of monthly electricity generation, fuel consumption, and wholesale prices.

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Industry News

California ISO's Board Approves MRTU Design

LCG, October 20, 2005--The California Independent System Operator (California ISO) announced yesterday that its Board of Governors unanimously approved the final elements of the Market Redesign and Technology Upgrade (MRTU).

The MRTU is intended to improve the electricity market structure in California to enable an efficient, competitive, robust market to evolve. The primary elements of the MRTU include the Integrated Forward Market, Full Network Model, and Locational Marginal Pricing (LMP). Implementation of the MRTU will generally create day-ahead and real-time markets similar in nature to those currently operating in the northeastern United States.

The conceptual design of the MRTU was previously approved by the Board and the Federal Energy Regulatory Commission (FERC). A stakeholder review and development process has since occurred to develop more detailed market design and rules. With the latest Board approval, the California ISO plans to further refine of the details and to file the FERC tariff in late November. System trials and training are planned to occur in 2006, with the final implementation planned for February 2007.

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