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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
Illinois Governor Signs Energy Bill to Transform the Electric Sector
LCG, September 16, 2021--The Governor of Illinois yesterday signed into law SB 2408, a wide-ranging bill that will significantly impact the electric sector, along with impacts on the transportation sector, jobs and communities. The legislation requires 100 percent carbon free energy by 2045 and targets a path to achieve 100 percent renewables by 2050.
The legislation provides subsidies for carbon-free nuclear plants owned by Exelon Corp., with $694 million paid over a period of five years. Exelon had planned to close the two-unit, Byron nuclear plant this week and the two-unit, Dresden plant in November, unless federal or state subsidies were provided.
State renewable energy subsidies will be increased by more than $350 million annually, with the intent to increase the state’s renewables generation output from 7-8 percent of the current energy mix to 40 percent by 2030 and 50 percent by 2040.
The secretary treasurer of the Illinois AFL-CIO federation of labor unions stated that the bill “sets the strongest labor standards in the country” for renewable projects. “This now-enacted piece of legislation proves that we do not have to choose between good jobs and a clean energy future for our state. We can do both.”
The legislation requires most coal-fired power plants to close by 2030, and natural gas plants to shut down by 2045. Two municipal coal plants, the City, Water, Light and Power plant in Springfield and Prairie State Energy Campus near St. Louis, must be reduce emissions by 45 percent by 2035 and be carbon-free by 2045.
The 956-page bill targets the transportation sector with a goal of placing one million electric vehicles (EVs) on Illinois roads by 2030. Incentives include covering up to 80 percent of the cost of charging stations that were built by labor paid at the prevailing wage, based on a number of factors. Furthermore, the bill provides for a $4,000 rebate on an electric vehicle purchase starting in July 2022.
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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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