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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

LG&E and KU Authorized to Exit Midwest ISO

LCG, June 2, 2006--The Kentucky Public Service Commission (PSC) on Wednesday authorized Louisville Gas & Electric Co. (LG&E) and Kentucky Utilities Co. (KU) to withdraw from the Midwest Independent System Operator (MISO), the regional electric system operator that had a service territory extending from eastern Montana through the upper Midwest - including Manitoba - and south to parts of Kentucky and Missouri.

In a two-to-one vote, the PSC ruled that the exodus from the MISO would reduce costs and maintain local control over key aspects of the utilities? operations. In dissenting, Chairman Mark David Goss stated that the withdrawal would leave Kentucky in a weak position to influence electric policy during the inevitable regionalization of transmission assets and markets.

On March 17, 2006, the Federal Energy Regulatory Commission (FERC) granted conditional approval to LG&E and KU to withdraw from the MISO. The PSC's authorization enables both utilities to proceed with the withdrawal from the MISO.

LG&E and KU plan to resume control over their transmission facilities. The utilities propose to use the Tennessee Valley Authority (TVA) to provide transmission reliability coordination services and to use the Southeast Power Pool (SPP) to address electric power marketing rules. Agreements with TVA and SPP are the subject of current, separate proceedings before the PSC.

LG&E and KU became members of the MISO in 1998. The MISO formally began commercial operations of its new, Day-Ahead and Real-Time electricity markets on April 1, 2005. Elements of the new market design include centralized, security-constrained unit commitment; security-constrained economic dispatch; locational marginal pricing (LMP); and a market for financial transmission rights (FTRs).
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