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News
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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.
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LCG, September 16, 2022--The Governor of Michigan last week sent a letter to the U.S. Department of Energy (DOE) in support of Holtec International’s application for a federal grant under the Civil Nuclear Credit (CNC) program to save the Palisades Nuclear Facility in Southwest Michigan. The federal grant could result in restarting the baseload, carbon-free, nuclear power plant.
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Industry News
Massachusetts Utilities Issue RFP for 400 MW of Offshore Wind Power
LCG, July 7, 2017-- Massachusetts utilities, in coordination with the Massachusetts Department of Energy Resources (DOER), last Friday jointly issued a Request for Proposals (RFP) for long-term contracts for offshore wind energy projects. The RFP calls for bidders to offer from a total of 400 MW of offshore wind energy capacity to up to approximately 800 MW. The RFP was issued as a result of Massachusetts' new Energy Diversity Act, which was signed by the Governor in August 2016.
The utilities issuing the RFP are Eversource, National Grid and Unitil. Likely participants in the RFP process are Deepwater Wind, Bay State Wind, and Vineyard Wind. The proposal submission deadline is December 20, 2017.
This initial solicitation by the utilities is part of a staggered procurement schedule designed with the DOER so as to achieve cost-effective contracts for offshore wind power consistent with the Energy Diversity Act goals.
The Energy Diversity Act states that, "The distribution companies may conduct one or more competitive solicitations through a staggered procurement schedule developed by the distribution companies and the department of energy resources; provided, that the schedule shall ensure that the distribution companies enter into cost-effective long-term contracts for offshore wind energy generation equal to approximately 1,600 megawatts of aggregate nameplate capacity not later than June 30, 2027; and provided further, that individual solicitations shall seek proposals for no less than 400 megawatts of aggregate nameplate capacity of offshore wind energy generation resources."
In addition to the 1,600 MW of offshore wind power capacity, the Energy Diversity Act requires utilities to competitively solicit and contract for approximately 1,200 MW of clean energy generation ??? base load hydropower, onshore wind and solar supported by hydropower, standalone onshore wind, solar, or other Class I renewable resources.
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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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PowerMax
Day-ahead and real-time portfolio revenue optimization
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Generator X
Generation and Transmission Planning and Optimization
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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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MarketWatch
Annual summary of prices, congestion and important events in ERCOT
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