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News
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LCG, June 4, 2025--Energy Vault Holdings Inc. (Energy Vault) and Jupiter Power (Jupiter) today announced the signing of an agreement for the supply of an additional battery energy storage system (BESS) at a Jupiter site in the Electric Reliability Council of Texas (ERCOT) region. The initial BESS project, located near Fort Stockton, Texas, was completed in July 2024, with a storage capacity 100 MW/200 MWh. The new BESS project will add another 100 MW/200 MWh of capacity. Construction has commenced, and the project is expected to achieve commercial operations by the end of this summer.
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LCG, May 30, 2025--NuScale Power Corporation (NuScale), a leading provider of advanced small modular reactor (SMR) nuclear technology, yesterday announced that it has received design approval from the U.S. Nuclear Regulatory Commission (NRC) for its uprated 77 MW power modules. NuScale states that it remains the only SMR technology company with design approval from the NRC, and the company remains on track for deployment by 2030, with 50- and 77-MW SMR options.
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Industry News
California PUC Authorizes the Use of Unbundled RECs to Meet RPS Requirements
LCG, March 12, 2010--The California Public Utilities Commission (CPUC) yesterday approved the use of tradable renewable energy credits purchased from renewable energy generators, including those located outside California, for use in the California Renewables Portfolio Standard (RPS) program. Without the new rule, utilities in California appeared unlikely to meet the RPS requirements this year.
California's RPS program requires investor-owned utilities (IOUs), energy service providers, and community choice aggregators to purchase 20 percent of their retail sales from renewable energy sources this year. Previously, utilities were required to procure electricity bundled with renewable energy credits (RECs) from electric generating facilities, like wind farms. With yesterday's decision by the CPUC, utilities can now purchase tradable renewable energy credits (TRECs) separately, i.e., without the energy, from electric generating facilities, including those located outside of California. By accessing this additional market, utilities will be better able to meet the RPS requirement of 20 percent renewables.
The CPUC President stated, "The essential elements of this framework are intended to support this market well into the future....Although the tradable REC market may be modest in the next two or three years, the market rules put in place in this decision will both allow this new market to develop and provide robust rules as the tradable REC market matures."
The new rules initially limit an IOU to using TRECs for not more than 25 percent of its annual procurement obligation. The limit will expire December 31, 2011, unless the CPUC acts to modify, extend, or terminate the limits prior to that date. The CPUC stated that this cap is intended to allow the CPUC and the market to better understand the implications of REC trading before opening the market to unfettered use of unbundled RECs.
Furthermore, the CPUC stated that, because tradable REC transactions do not require the procuring utility to also purchase the associated energy, they do not clearly lend themselves to the form of reasonableness review that has been used to evaluate bundled transactions. Therefore, in order to protect consumers from potentially excessive payments for tradable RECs in the early stages of the REC market, the framework includes an interim price cap of $50 on RECs used for RPS compliance by investor-owned utilities. Like the usage cap, the price cap will sunset at the end of 2011 unless the CPUC acts to retain or modify it.
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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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