EnergyOnline

PRESS RELEASE

UPDATED! LCG 2023 Annual Outlook for Texas Electricity Market

LCG, July 11, 2022 – LCG Consulting (LCG) has updated its annual outlook of the ERCOT wholesale electricity market for 2023 using new fuel forecast.

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LCG Publishes 2023 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, June 6, 2022 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2023, based on the most likely weather, market, transmission, and generator conditions

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EIA Releases Study on Drought Effects on California Electricity Generation and Power Market using UPLAN Model

LCG, June 6, 2022 – California is experiencing more frequent and intense drought conditions. One effect of droughts is the reduction in hydropower. In its Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration assumes that monthly generation in the future follows average historical patterns to forecast California's hydroelectric generation.

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LCG Publishes 2022 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, February 8, 2022 – Texas has incorporated dramatic fuel mix and transmission changes over recent years, breaking its own 2020 record in wind production again in 2021. As part of an ongoing series, LCG Consulting has released its annual outlook of the ERCOT wholesale electricity market for 2022, based on the most likely weather, market, transmission, and generator conditions.

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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.

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Michigan Governor Supports Reopening Palisades Nuclear Facility

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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Scout Announces Selection of GE Wind Turbines for Sweetland Wind Project

LCG, September 9, 2022--Scout Clean Energy (Scout) announced yesterday that GE Renewable Energy (GE) has been selected to provide 71 of GE's latest generation 2.8-127 onshore wind turbines for the 200 MW Sweetland Wind Project (Sweetland) in Hand County, South Dakota. Sweetland is owned and will be operated by Scout, a renewable energy developer-owner-operator.

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Energy Market Prices and Loads

Energy Price (Actuals)
ERCOT $61.97
MISO $29.15
NYISO $29.77
NEISO $52.79
CAISO $23.1
PJM $56
Load (Actuals)
ERCOT 39146 MW
MISO 67002 MW
NYISO 18279 MW
NEISO 9933 MW
CAISO 26524 MW

LCG NEWS

LCG 2023 Annual Outlook for Texas Electricity Market (See updated Outlook here)

LCG Publishes 2022 Annual Outlook for Texas Electricity Market (ERCOT)

NorthRenew Energy's Mesquite Sky Wind Project Commences Construction

Tokyo-based Electric Power Subsidiary partners with AP Solar in 400 MW Texas Solar Project

Texas Solar Project Sold to CIP



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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
PowerMax
Day-ahead and real-time portfolio revenue optimization
Generator X
Generation and Transmission Planning and Optimization
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
MarketWatch
Annual summary of prices, congestion and important events in ERCOT
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service