EnergyOnline

PRESS RELEASE

Congestion in the Texas Panhandle: LCG Consulting investigates ERCOT’s rapid wind development and Lubbock Power & Light joining the ERCOT grid

LCG, May 10, 2016-- LCG Consulting has released a new study of wind energy development in the Panhandle Renewable Energy Zone, or PREZ, of Texas, where ERCOT has proposed significant changes in the infrastructure to enable sustained wind development and ensure stability of the grid.

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LCG Consulting releases 2016 Outlook of ERCOT Region

LCG, December 1, 2015-Next year promises some uncertainty for the Texas electricity market, with renewables development in full swing. In light of this evolving landscape, LCG Consulting has completed a comprehensive ERCOT study for 2016.

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California Electricity Market 10-Year Forecast

LCG, October 19, 2015-LCG Consulting of Los Altos, California has announced the release of its latest ten-year forecast of the CAISO electricity market (2016-2025). Results suggest that the mandated, large-scale deployment of renewables will impact the state’s electricity market. The study includes hourly price forecasts at Default Load Aggregation Points (DLAP) and Trading Hubs. Results also include monthly summaries of constraints that experience the highest congestion and generation by fuel type.

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NEWS

PG&E Announces Proposal to Close Diablo Canyon Nuclear Power Plant by 2025

LCG, June 22, 2016--PG&E yesterday announced a Joint Proposal with labor and environmental organizations that would increase investment in energy efficiency, renewables and storage beyond current state mandates while phasing out PG&E's production of nuclear power in California by 2025. The Joint Proposal would replace power produced by two nuclear reactors at the Diablo Canyon Power Plant with energy efficiency, renewables and energy storage. The Joint Proposal includes a PG&E voluntary commitment to a 55 percent renewable energy target in 2031.

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Exelon Announces Early Retirement of Nearly 3,000 MW of Carbon-Free Nuclear Capacity

LCG, June 3, 2016--Exelon Corporation yesterday announced that it will close two nuclear plants in Illinois, given the lack of progress on Illinois energy legislation. The Clinton Power Station in Clinton will close on June 1, 2017, and the Quad Cities Generating Station in Cordova will close on June 1, 2018. The two plants have lost a combined $800 million in the past seven years, despite being two of Exelon's best-performing plants.

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Energy Market Forecasts and Actuals

MarketVision Forecasts
ERCOT 06/28/16 - 06/30/16
CAISO Jul 2016
Energy Price (Actuals)
ERCOT $22.31
MISO $27.11
NYISO $26.87
NEISO $20.74
CAISO $23.1
PJM $28
Load (Actuals)
ERCOT 52341 MW
MISO 91583 MW
NYISO 25077 MW
NEISO 17411 MW
CAISO 26524 MW


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