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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Industry News

Ontario Plans 40-MW Solar Project

LCG, April 28, 2007--The Ontario Ministry of Energy announced yesterday that it has committed to a solar project with a capacity of 40 MW through its Renewable Standard Offer Program. The project is scheduled to be completed by 2010. Since February, thirty six renewable energy projects, with a combined electric generating capacity of 250 MW, have been awarded through the Standard Offer Program.

The solar project will be installed in Sarnia by OptiSolar Farms. The project will consist of four solar farms and include over one million ground-mounted solar panels designed to convert solar energy into electricity.

The Ontario Ministry of Energy also announced that other renewable energy projects were awarded contracts through the Standard Offer Program, including: two residential-sized solar photovoltaic installations, several 10-MW wind farms and two waterpower projects with First Nations participation. All of the contracted projects are scheduled to be in service by 2010.

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