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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
FPL Announces Plans for 2,100 MW of New Solar PV Installed Capacity
LCG, April 5, 2017--Florida Power & Light Company (FPL) Monday announced that it plans to add a total of nearly 2,100 MWs of new solar photovoltaic (PV) electric generating capacity in Florida over the next seven years, including approximately 600 MWs (at eight sites) previously announced that are expected to be operational by early 2018. FPL currently operates over 335 MW of solar generating capacity.
FPL's latest generation plans and energy mix forecast were filed with the Florida Public Service Commission (FPSC) Monday as part of the company's 2017-2026 Ten Year Site Plan, an annual comprehensive resource planning update that represents the current ten-year outlook for meeting the energy needs of customers.
FPL's plans include the modernization of the site of its first power plant in Dania Beach, near Fort Lauderdale, Florida, where an existing older power plant that was last updated over 25 years ago will be replaced with modern, highly fuel-efficient natural gas technology. The proposed new Dania Beach Clean Energy Center would begin serving FPL customers by mid-2022, with approximately 1,200 MW of generating capacity that FPL expects would save customers hundreds of millions of dollars over its operational life.
Recently FPL also reached a preliminary agreement with JEA to close down the St. Johns River Power Park, a 1,252-MW coal-fired power plant in Jacksonville that is jointly owned by the two utilities. The retirement of the plant, which is no longer economically competitive, is expected to save FPL customers $165 million.
FPL's president and CEO stated, "We continue to advance affordable clean energy strategically - making substantial improvements year after year while keeping overall electric rates lower than they were ten years ago. We're currently building some of the lowest-cost solar ever seen in America, and our investments in more efficient natural gas technology are delivering enormous savings and environmental benefits for our customers and our state. Our strategy of making smart, long-term investments in clean energy infrastructure is working, and we're looking forward to keeping the momentum going with the major advancements announced today - which, combined, are expected to save customers more than half a billion dollars."
In the next few years, FPL expects to reduce its coal and oil usage to less than one percent combined while more than quadrupling solar's share of the company's energy mix. In 2023, FPL projects solar will reach four percent, which is a higher percentage than nearly every state in the nation today.
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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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