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News
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LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.
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LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.
Read more
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Industry News
Offshore Wind Projects Receive Boost from Massachusetts and Biden Administration
LCG, March 31, 2021--The Governor of Massachusetts signed legislation last Friday that authorizes the state to direct utilities to purchase an additional 2,400 MW of offshore wind energy by 2027. The prior commitment was to procure 1,600 MW of offshore wind capacity to be installed by 2027. The increase to 4,000 MW of installed offshore wind capacity for the Commonwealth comes just before the Biden Administration's newly announced national offshore wind target of 30,000 MW by 2030.
The Governor stated, "Climate change is an urgent challenge that requires action, and this legislation will reduce emissions in Massachusetts for decades to come while also ensuring the Commonwealth remains economically competitive. We are proud to have worked closely with the Legislature to produce bipartisan legislation that will advance clean energy sources and secure a healthy, livable environment for future generations."
Massachusetts has already procured 1,600 MW of offshore wind capacity as a result of legislation signed by the Governor in 2016. Last October, the 800 MW Vineyard Wind 1 project reached a transmission agreement with ISO New England (ISO-NE) to connect to the New England grid. The Massachusetts Department of Public Utilities (DPU) in November approved long-term contracts of the 804 MW Mayflower Wind offshore wind farm with the Commonwealth's Electric Distribution Companies.
Earlier this year, the Massachusetts Department of Energy Resources (DOER) filed the third offshore wind power Request for Proposals (RFP) with the Department of Public Utilities for review and approval. The RFP solicits project proposals of up to 1,600 MW of offshore wind capacity.
The new legislation signed this month by the Governor also sets new interim goals for emissions reductions and increases protections for Environmental Justice communities.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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