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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
BPU Votes to Extend Zero Emission Certificates (ZECs) for an Additional Three Years to New Jersey's Nuclear Plants
LCG, April 28, 2021--The New Jersey Board of Public Utilities (BPU) yesterday unanimously voted to extend the Zero Emission Certificates (ZECs) for New Jersey's three nuclear power plants, Hope Creek and Salem 1 and 2, for an additional three years. PSEG's carbon-free nuclear plants provide nearly 40 percent of New Jersey's energy supply.
PSEG stated, "We are pleased with the New Jersey Board of Public Utilities' unanimous decision to extend the ZECs at the current rate to help support New Jersey's largest supply of carbon-free electricity. The BPU's actions today helped the environment, saved jobs and avoided higher energy costs. We appreciate the BPU's detailed review and consideration of PSEG Nuclear's ZEC applications."
In 2018, the New Jersey Legislature and the Governor enacted legislation that established a ZEC program to preserve nuclear plants that provide more than 90 percent of the state's carbon-free electricity. In the state's Energy Master Plan and the Department of Environmental Protection's Global Warming Response Act 80x50 report, New Jersey indicated its intent to preserve its carbon-free nuclear generating resources into the 2050s to meet its 100 percent clean energy goals.
In October 2020, PSEG filed applications for the three-year extensions of the ZECs for the Salem and Hope Creek nuclear power plants. Power markets had deteriorated significantly since the ZECs were approved, and the financial needs of New Jersey's nuclear plants had continued to grow, according to PSEG at the time. Low natural gas prices, minimal electric load growth and other factors had caused nuclear plants to struggle economically across the country. Without the ZECs and Salem and Hope Creek nuclear power, fossil generation could increase significantly and cause an immediate increase in carbon emissions, as well as reduce air quality. Moreover, the nuclear generation provides fuel diversity to the region.
The president and chief executive officer of the Nuclear Energy Institute (NEI) issued a statement: "NEI applauds the New Jersey BPU's unanimous decision to award zero-emissions credits to the three nuclear reactors at Salem-Hope Creek. New Jersey's commitment to preserving the state's largest source of carbon-free energy signals their strong leadership in addressing our climate challenges and meeting the aggressive goals proposed by the Biden administration. The actions taken by the state help secure the future of our nuclear power plants, while providing affordable, carbon-free electricity, preserving thousands of high-quality jobs, and contributing billions of dollars to the communities they serve."
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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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