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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
LIPA Approves Contract to Purchase Power from 90-MW Offshore Wind Project
LCG, January 26, 2017--The Governor of New York Wednesday announced the Board of Trustees of the Long Island Power Authority (LIPA) voted to approve the offshore South Fork Wind Farm development, located approximately 30 miles southeast of Montauk, New York. The 90-MW, 15-turbine wind project will be installed in federally leased waters. The project is scheduled to be operational by December 2022.
The LIPA Board approved a contract submitted by Deepwater Wind for the South Fork Wind Farm after a year-long process engaging the private sector for clean energy generation ideas. Other elements of LIPA's South Fork energy portfolio include transmission enhancements and additional clean energy solutions, such as battery storage and consumer electricity demand reduction.
The LIPA Board approved a 20-year pay-for-performance Power Purchase Agreement (PPA), allowing the utility to only pay for delivered energy.
The 90-MW wind farm will be the initial step towards what the Governor of New York hopes will lead to the development of up to 2,400 GW of offshore wind in the area by 2030. The new offshore wind capacity is targeted in order to achieve the State's aggressive energy plan, which includes a goal of using 50 percent renewable energy by 2030.
The need for additional electric generating capacity is also driven by the fact that earlier this month the State reached an agreement with Entergy to close the 2,000-MW Indian Point Energy Center, with its two, carbon-free nuclear reactors. At the State's request, the agreement calls for the two units to retire in 2020 and 2021, which is 13 and 14 years earlier than required under the anticipated federal re-licensing terms.
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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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