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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
Minnesota Governor Authorizes 25x25 Renewable Energy Plan
LCG, February 23, 2007--Minnesota Governor Tim Pawlenty yesterday signed legislation intended to boost the use of renewable energy supplies in the state. Electric utilities, including municipal power entities, are to use renewable energy to supply 25% of retail electric sales to customers in Minnesota.
The bill was overwhelmingly approved recently by first the Senate and then the House by votes of 61-4 and 123-10, respectively.
On the path toward achieving 25% renewables by the year 2025, the new law includes renewable supply goals for most utilities of 7% by 2010, 12% by 2012, 17% by 2016 and 20% by 2020. The largest electric utility, Xcel Energy Inc., has a higher goal of 30% by 2020.
The new law includes provisions to develop a renewable energy credit trading system that would allow utilities to trade in order to achieve renewable goals. Financial penalties may also be assessed if goals are not met. Furthermore, the law allows for the Minnesota Public Utilities Commission to defer or change the schedule if it is in the public interest.
Renewable supply resources include wind, hydroelectric, solar, biomass and hydrogen. Wind energy is specifically targeted to account for one quarter of the renewable supplies utilized.
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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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