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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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Dominion Energy Virginia Pursues 500 MW of Renewable Projects

LCG, August 8, 2019--Dominion Energy Virginia announced Monday that it is seeking bids for up to 500 MW of renewable capacity in both 2021 and 2022 to increase its clean energy resources. Dominion Energy stated that it is committed to having 3,000 MW of solar and wind in operation or under development in Virginia by 2022. This near-term step is part of an ultimate company commitment to reduce carbon emissions by 80 percent by 2050 across the 18 states it serves.

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Press Release

Innovative UPLAN 7.5 Released, Most Advanced Electricity Modeling System Ever Available

Los Altos, California – December 8, 2006: LCG Consulting proudly announces the release of its latest electricity market modeling system, UPLAN 7.5.

This innovative software suite provides unsurpassed detail and realism in a highly user-friendly environment. “This is – without a doubt – the most advanced and easiest to use electricity modeling system ever released,” proclaimed Sidart Deb, the chief architect of UPLAN 7.5.

UPLAN integrates an electricity market simulation with a full AC or DC network transmission model, projects hourly Locational Market Prices (LMP), and is fully compliant with FERC Standard Market Design. Consistent with market design trends, it performs co-optimization of energy and ancillary service procurement based on opportunity costs and elimination of inter-commodity arbitrage.

UPLAN’s full-fledged Security Constrained Unit Commitment (SCUC) and Security Constrained Economic Dispatch (SCED), including congestion management, can utilize extensive contingency sets for absolute realism. In fact, UPLAN has been successfully utilized to accurately simulate and analyze numerous regional markets, including California, New York, New England, the Pennsylvania Jersey Maryland (PJM) Interconnection, the Midwest Independent Transmission System Operator (MISO), and the Electric Reliability Council of Texas (ERCOT).

The day-ahead market is simulated in UPLAN by optimizing the commitment of resources for energy and all ancillary services, as well as taking into account both inter-regional and intra-regional transmission constraints, and incorporating optimal power flow (OPF) and resource scheduling constraints. Committed resources are then dispatched using OPF to emulate real-time SCED.

UPLAN 7.5 contains the following exciting new features:

  • Ancillary Service Quantities

  • Report Comparisons

  • Complex Startup Profiles

  • Hourly Energy Percentages for Wind Profiles

  • Ability to Import Multiple Hourly Profiles From .csv

  • Marginal Generator Reports

  • Load Weighted Average Price Reports

  • Enhanced Combined Cycle Logic

  • 64-bit Technology

  • Database Management Console

  • Power-flow Export

“This latest version of UPLAN exceeds my wildest dreams,” declared Dr. Rajat Deb, the original architect of the model. “The advanced features contained in this software package could not have even been imagined a few years ago, much less when we first created the groundbreaking model.”

For further information, or to order your very own copy of UPLAN 7.5, please contact LCG Consulting at 650-962-9670, or e-mail at: info@energyonline.com



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