|
News
|
LCG, April 23, 2026--TerraPower announced today the official start of construction on its Kemmerer Unit 1 nuclear power plant, which could be the first utility-scale advanced nuclear power plant in the United States. In early March, the Nuclear Regulatory Commission (NRC) announced that it had authorized the staff to issue a construction permit for Unit 1 commercial nuclear power plant in Kemmerer, Wyoming.
Read more
|
|
LCG, April 22, 2026--The Tennessee Valley Authority (TVA) yesterday announced two new, 20-year agreements for a 225 MW/900 MWh battery energy storage system (BESS) project in East Tennessee and for a 200 MW/800 MWh BESS project in northern Alabama. Both projects are planned to commence commercial operations in 2029.
Read more
|
|
|
Industry News
Federal Government uses UPLAN model to examine price volatility in ERCOT
LCG, October 11, 2022--The U.S. Energy Information Administration, or EIA, released its latest supplement to the Short-Term Energy Outlook (STEO) in the Texas market, assessing various possible scenarios using LCG’s UPLAN NPM model, with a special focus on the effects on wholesale power prices and market conditions.
To balance the supply of electricity and power demand, grid operators must make sure that there is an adequate supply to meet demand in an uncertain future. Texas's grid operator, the Electric Reliability Council of Texas (ERCOT), allows the energy component of wholesale prices to increase substantially when the resource reserve is low, called scarcity pricing. This price volatility provides an incentive for new capacity investments.
In the EIA’s report, four scenarios were explored: 1) Normal levels of load and wind generation, 2) High levels of peak electricity load, 3) Low levels of wind generation, and 4) Simultaneous occurrence of high peak load and low wind generation. These scenarios are similar to those ERCOT considers in its Seasonal Assessment of Resource Adequacy.
EIA used UPLAN and LCG’s PLATO database to develop the forecasts for electricity supply. The resultant dataset, including the fuel consumption, the electricity generation and the wholesale electricity price were then fed into EIA’s own model, the U.S. Short-Term Energy Model, to produce the final results.
Among other findings, EIA’s investigation showed pricing is sensitive to the variable cost of generation in the early morning and at the end of the day. When the demand starts to rise during the midday, electricity prices can rise significantly above the marginal costs. Scarcity pricing is more likely when wind generation is low than when the demand is high. And the impact of low wind and high load on prices varies across the ERCOT region.
To read the full EIA study visit https:/www.eia.gov/outlooks/steo/special/supplements/2022/2022_sp_03.pdf
See previous press release for more on EIA's modeling work using the UPLAN model.
EIA Releases Study on Drought Effects on California Electricity Generation and Power Market using UPLAN Mode
|
|
|
|
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
|
|
|
UPLAN-ACE
Day Ahead and Real Time Market Simulation
|
|
|
UPLAN-G
The Gas Procurement and Competitive Analysis System
|
|
|
PLATO
Database of Plants, Loads, Assets, Transmission...
|
|
|
|
|
