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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
Xcel Plans to Add 100 MW of Wind Power in Minnesota
LCG, June 27, 2007--Xcel Energy yesterday requested permission from Minnesota regulators for permission to construct a 100-MW wind project near Austin, Minnesota. The proposed Grand Meadow Wind Farm is scheduled to be operational by the end of next year.
Xcel Energy contracted with enXco Development Corp., which is developing the site and has already filed a separate site permit for the wind farm. The site could provide for up to 200 MW of wind generating capacity.
The Grand Meadow Wind Farm would be owned by Xcel Energy and would include 67, 1.5-MW wind turbines on approximately 40 square miles.
Minnesota Governor Pawlenty in February signed legislation that requires electric utilities, including municipal power entities, to use renewable energy to supply 25% of retail electric sales to customers in Minnesota by the year 2025. The new law includes renewable supply goals for most utilities of 7% by 2010, 12% by 2012, 17% by 2016 and 20% by 2020. The largest electric utility, Xcel Energy Inc., has a higher goal of 30% by 2020.
Renewable supply resources include wind, hydroelectric, solar, biomass and hydrogen. Wind energy is specifically targeted to account for one quarter of the renewable supplies utilized.
The new law includes provisions to develop a renewable energy credit trading system that would allow utilities to trade in order to achieve renewable goals. Financial penalties may be assessed if goals are not met.
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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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